Pan American Silver Corp. (USA) (PAAS) is Upgraded by BofA/Merrill to Buy

Pan American Silver Corp. (USA) (PAAS) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Nov 22, 2016.

On the company’s financial health, Pan American Silver Corp. (USA) reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.03. The company had revenue of $158.30 million for the quarter, compared to analysts expectations of $165.16 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Pan American Silver Corp. (USA) opened for trading at $15.96 and hit $16.38 on the upside on Monday, eventually ending the session at $16.25, with a gain of 0.49% or 0.08 points. The heightened volatility saw the trading volume jump to 29,22,795 shares. Company has a market cap of $2,474 M.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Company’s principal product is silver and also produces and sells gold zinc lead and copper. It is engaged in mining operations and is developing mining projects in Mexico Peru Argentina and Bolivia and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold ore as well as silver bearing zinc lead and copper concentrates. It operates among others the Huaron Morococha Alamo Dorado Dolores La Colorada Manantial Espejo and San Vicente mines.

Pan American Silver Corp. (USA)

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