Pan American Silver (NYSE:PAAS) Price Target Raised to $30.00

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its target price lifted by research analysts at Royal Bank of Canada from $28.00 to $30.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 20.90% from the company’s previous close.

Separately, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Pan American Silver Price Performance

Shares of NYSE PAAS traded down $0.36 during trading on Tuesday, reaching $24.81. The company had a trading volume of 1,230,906 shares, compared to its average volume of 2,811,540. The stock has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $21.74. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $9.01 billion, a PE ratio of -146.08 and a beta of 1.28.

Institutional Investors Weigh In On Pan American Silver

Large investors have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver in the 4th quarter valued at $27,000. Eastern Bank acquired a new position in shares of Pan American Silver in the 3rd quarter valued at $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver in the 4th quarter valued at $32,000. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

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.