Deutsche Bank Upgrades Pan American Silver Corp to Buy (PAAS)
Pan American Silver Corp (NASDAQ:PAAS) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $14.00 target price on the stock, up from their previous target price of $12.00. Deutsche Bank’s price target would suggest a potential upside of 12.27% from the company’s current price.
Shares of Pan American Silver Corp (NASDAQ:PAAS) traded up 2.72% on Tuesday, hitting $12.47. The stock had a trading volume of 1,665,401 shares. Pan American Silver Corp has a 52-week low of $9.78 and a 52-week high of $19.12. The stock has a 50-day moving average of $11.23 and a 200-day moving average of $11.45. The company’s market cap is $1.888 billion.
Pan American Silver Corp (NASDAQ:PAAS) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.06. The company had revenue of $213.60 million for the quarter, compared to the consensus estimate of $198.74 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 15.2% on a year-over-year basis. On average, analysts predict that Pan American Silver Corp will post $0.35 earnings per share for the current fiscal year.
Separately, analysts at JPMorgan Chase & Co. upgraded shares of Pan American Silver Corp from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Pan American Silver Corp has a consensus rating of “Hold” and an average target price of $13.87.
Pan American Silver Corp. (NASDAQ:PAAS), engaged in the operation and development of, and exploration for, silver producing properties and assets.
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