BMO Capital Markets Issues Positive Forecast for Pan American Silver (TSE:PAAS) Stock Price

Pan American Silver (TSE:PAAS) had its target price increased by analysts at BMO Capital Markets from C$69.00 to C$85.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 10.09% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group cut their price objective on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. National Bank Financial set a C$116.00 price objective on Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$85.00.

Pan American Silver Trading Up 1.5%

TSE PAAS traded up C$1.15 during trading hours on Wednesday, hitting C$77.21. 313,100 shares of the company’s stock were exchanged, compared to its average volume of 1,116,787. The business’s 50 day moving average is C$79.10 and its 200-day moving average is C$69.88. The firm has a market capitalization of C$32.54 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 24.57 and a beta of 1.99. The company has a debt-to-equity ratio of 13.39, a quick ratio of 0.88 and a current ratio of 2.69. Pan American Silver has a 12-month low of C$30.82 and a 12-month high of C$95.39.

Pan American Silver (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$1.52 EPS for the quarter. The company had revenue of C$1.62 billion for the quarter. Pan American Silver had a return on equity of 16.85% and a net margin of 27.08%. As a group, analysts anticipate that Pan American Silver will post 1.9192235 EPS for the current fiscal year.

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.