National Bankshares Forecasts Strong Price Appreciation for Pan American Silver (TSE:PAAS) Stock

Pan American Silver (TSE:PAAS) had its price target lifted by equities research analysts at National Bankshares from C$45.25 to C$52.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 41.05% from the company’s previous close.

Pan American Silver Stock Performance

Pan American Silver stock traded up C$0.60 during midday trading on Wednesday, hitting C$37.22. The company’s stock had a trading volume of 326,147 shares, compared to its average volume of 747,967. The company has a 50-day moving average price of C$35.18 and a two-hundred day moving average price of C$32.03. Pan American Silver has a 1-year low of C$21.53 and a 1-year high of C$39.20. The company has a market cap of C$9.50 billion, a price-to-earnings ratio of -199.56, a PEG ratio of 24.57 and a beta of 1.40. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88.

Insider Buying and Selling at Pan American Silver

In related news, Senior Officer Martin Wafforn sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$36.02, for a total transaction of C$720,496.00. Also, Senior Officer Christopher Emerson sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$36.35, for a total value of C$145,394.00. Insiders sold 26,047 shares of company stock valued at $930,080 in the last three months. Corporate insiders own 0.07% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.