National Bankshares Issues Pessimistic Forecast for Pan American Silver (TSE:PAAS) Stock Price

Pan American Silver (TSE:PAAS) had its price objective cut by equities researchers at National Bankshares from C$47.25 to C$45.25 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 31.05% from the company’s previous close.

Pan American Silver Stock Down 3.8 %

Shares of TSE PAAS opened at C$34.53 on Wednesday. The company has a market capitalization of C$8.81 billion, a price-to-earnings ratio of -185.13, a price-to-earnings-growth 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. The business has a 50-day moving average of C$32.35 and a two-hundred day moving average of C$30.74. Pan American Silver has a 1 year low of C$16.56 and a 1 year high of C$36.59.

Insiders Place Their Bets

In other news, Senior Officer Martin Wafforn sold 20,000 shares of Pan American Silver stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$36.02, for a total transaction of C$720,496.00. Also, Senior Officer Alan Scott Campbell sold 3,904 shares of Pan American Silver stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$33.09, for a total value of C$129,183.36. Insiders sold 25,951 shares of company stock valued at $913,869 in the last ninety days. 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.