Jefferies Financial Group Issues Pessimistic Forecast for Pan American Silver (TSE:PAAS) Stock Price

Pan American Silver (TSE:PAAS) had its price target dropped by investment analysts at Jefferies Financial Group from C$58.00 to C$54.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential downside of 36.52% from the company’s previous close.

Pan American Silver Trading Up 7.6%

TSE:PAAS opened at C$85.07 on Wednesday. Pan American Silver has a 52 week low of C$29.31 and a 52 week high of C$85.29. The firm has a 50-day moving average price of C$68.16 and a two-hundred day moving average price of C$54.48. The firm has a market cap of C$35.90 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 24.57 and a beta of 1.63. The company has a debt-to-equity ratio of 17.60, a quick ratio of 0.88 and a current ratio of 2.06.

About Pan American Silver

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.