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

Pan American Silver (TSE:PAAS) had its target price hoisted by research analysts at Scotiabank from C$65.00 to C$95.00 in a research report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 54.92% from the stock’s current price.

Several other equities research analysts have also issued reports on PAAS. National Bank Financial set a C$116.00 target price on Pan American Silver and gave the company an “outperform” rating in a research report on Friday, April 17th. TD upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from C$67.00 to C$72.00 in a research report on Tuesday, May 12th. Finally, BMO Capital Markets raised their price objective on shares of Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$84.40.

Pan American Silver Stock Performance

Shares of PAAS stock traded up C$0.92 during trading on Tuesday, hitting C$61.32. The company’s stock had a trading volume of 261,609 shares, compared to its average volume of 1,035,648. The company has a current ratio of 2.84, a quick ratio of 0.88 and a debt-to-equity ratio of 11.49. The company has a market cap of C$25.84 billion, a PE ratio of 19.34, a P/E/G ratio of 24.57 and a beta of 2.02. The business has a fifty day moving average of C$71.05 and a 200-day moving average of C$75.60. Pan American Silver has a 52 week low of C$36.96 and a 52 week high of C$95.39.

Pan American Silver (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.52 EPS for the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%.The business had revenue of C$1.85 billion for the quarter. As a group, research analysts anticipate that Pan American Silver will post 1.9192235 earnings per share for the current year.

Insider Transactions at Pan American Silver

In other news, insider Guido Mastropietro sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$87.50, for a total value of C$87,500.00. Following the completion of the transaction, the insider directly owned 2,572 shares in the company, valued at approximately C$225,050. This represents a 28.00% decrease in their position. Company insiders own 0.07% of the company’s stock.

About Pan American Silver

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management.