Cowen and Company Initiates Coverage on Pan American Silver Corp. (PAAS)
Equities researchers at Cowen and Company began coverage on shares of Pan American Silver Corp. (NASDAQ:PAAS) in a research report issued on Tuesday. The firm set a “market perform” rating on the stock.
Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 0.13% on Tuesday, hitting $15.11. The stock had a trading volume of 304,130 shares. Pan American Silver Corp. has a 1-year low of $9.78 and a 1-year high of $15.97. The stock has a 50-day moving average of $14.39 and a 200-day moving average of $13.51. The company’s market cap is $2.289 billion.
Pan American Silver Corp. (NASDAQ:PAAS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $195.62 million. Analysts expect that Pan American Silver Corp. will post $0.22 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of Pan American Silver Corp. to $18.50 in a research note on Friday, July 11th. Separately, analysts at JPMorgan Chase & Co. set a $15.00 price target on shares of Pan American Silver Corp. in a research note on Wednesday, July 9th. Finally, analysts at RBC Capital raised their price target on shares of Pan American Silver Corp. from $16.00 to $18.00 in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.22.
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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