Pan American Silver Corp. (PAAS) Downgraded to Sector Perform at Scotiabank
Pan American Silver Corp. (TSE:PAAS) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Friday. They presently have a C$20.00 price target on the stock. Scotiabank’s price target suggests a potential downside of 21.57% from the company’s current price.
Separately, TD Securities set a C$26.00 target price on shares of Pan American Silver Corp. and gave the stock a “buy” rating in a research note on Thursday.
Pan American Silver Corp. (TSE:PAAS) traded down 0.86% during mid-day trading on Friday, hitting $25.37. 183,938 shares of the stock traded hands. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $27.99. The company has a 50 day moving average price of $24.46 and a 200-day moving average price of $23.23. The stock has a market capitalization of $3.86 billion and a PE ratio of 38.56.
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