Pan American Silver Corp Price Target Raised to C$14.25 at Canaccord Genuity (PAA)
Analysts at Canaccord Genuity hoisted their price target on shares of Pan American Silver Corp (TSE:PAA) from C$11.50 to C$14.25 in a research report issued to clients and investors on Monday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 0.49% from the stock’s previous close.
Shares of Pan American Silver Corp (TSE:PAA) traded up 2.54% during mid-day trading on Monday, hitting $14.54. The stock had a trading volume of 160,749 shares. Pan American Silver Corp has a one year low of $10.18 and a one year high of $18.99. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $12.01. The company’s market cap is $2.202 billion.
A number of other analysts have also recently weighed in on PAA. Analysts at Deutsche Bank upgraded shares of Pan American Silver Corp from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver Corp in a research note to investors on Friday, December 20th. Finally, analysts at CIBC reiterated a “sector underperform” rating on shares of Pan American Silver Corp in a research note to investors on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$13.32.
Pan American Silver Corp. (TSE:PAA), engaged in the operation and development of, and exploration for, silver producing properties and assets.
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