Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) has been given a $22.00 target price by stock analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 50.79% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. BMO Capital Markets set a $21.00 price objective on Pan American Silver and gave the company a “buy” rating in a research report on Thursday, November 23rd. CSFB lifted their price objective on Pan American Silver from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Credit Suisse Group raised Pan American Silver from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 22nd. Raymond James Financial raised Pan American Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Citigroup raised Pan American Silver to an “outperform” rating in a research report on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.50.

Pan American Silver (PAAS) opened at $14.59 on Tuesday. Pan American Silver has a 12-month low of $14.05 and a 12-month high of $21.29. The firm has a market capitalization of $2,270.07, a PE ratio of 30.88, a PEG ratio of 7.61 and a beta of 0.09.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The firm had revenue of $190.79 million for the quarter, compared to analysts’ expectations of $199.43 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was down 18.3% on a year-over-year basis. analysts predict that Pan American Silver will post 0.49 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. purchased a new position in shares of Pan American Silver in the 2nd quarter worth approximately $170,000. Quantbot Technologies LP acquired a new position in Pan American Silver during the 3rd quarter valued at about $177,000. Virtu Financial LLC acquired a new position in Pan American Silver during the 3rd quarter valued at about $178,000. Sigma Planning Corp acquired a new position in Pan American Silver during the 2nd quarter valued at about $181,000. Finally, Tower Research Capital LLC TRC increased its position in Pan American Silver by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after buying an additional 7,934 shares in the last quarter. 53.91% of the stock is currently owned by institutional investors.

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About Pan American Silver

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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