Brokerage Firm Rating Update on Pan American Silver (PAAS)

Pan American Silver (PAAS) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy. 1 considers that the stock is a Sell.

Pan American Silver (PAAS) : 8 investment research analysts covering Pan American Silver (PAAS) have an average price target of $16.36 for the near short term. The highest target price given by the Brokerage Firm to the stock is $24 and the lowest target is $11 for the short term. Analysts expect the variance to be within $4.54 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, BMO Capital downgrades its rating on Pan American Silver (NASDAQ:PAAS). Analysts at the BMO Capital have a current rating of Market Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on August 23, 2016.

Pan American Silver (NASDAQ:PAAS): The stock opened at $19.58 and touched an intraday high of $19.7 on Wednesday. During the day, the stock corrected to an intraday low of $19.11, however, the bulls stepped in and pushed the price higher to close in the green at $19.62 with a gain of 0.20% for the day. The total traded volume for the day was 2,320,461. The stock had closed at $19.58 in the previous trading session.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Companys principal product is silver, and also produces and sells gold, zinc, lead, and copper. It is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Companys principal products and sources of sales are silver and gold ore, as well as silver bearing zinc, lead, and copper concentrates. It operates, among others, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines.

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