Royal Bank Of Canada Analysts Give Pan American Silver Corp. (PAAS) a $23.00 Price Target

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has been given a $23.00 price target by stock analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 36.09% from the stock’s current price.

Several other brokerages have also recently commented on PAAS. Raymond James Financial, Inc. cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a report on Friday, September 8th. Canaccord Genuity restated a “buy” rating and set a $22.00 target price on shares of Pan American Silver Corp. in a report on Thursday, September 7th. UBS AG cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. BMO Capital Markets restated a “hold” rating and set a $17.50 target price on shares of Pan American Silver Corp. in a report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.89.

Pan American Silver Corp. (NASDAQ PAAS) traded up 0.18% during midday trading on Tuesday, hitting $16.93. 856,637 shares of the company traded hands. The firm has a market capitalization of $2.59 billion, a PE ratio of 21.65 and a beta of 0.14. The stock’s 50-day moving average is $17.80 and its 200-day moving average is $17.27. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Pan American Silver Corp. will post $0.56 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Analysts Give Pan American Silver Corp. (PAAS) a $23.00 Price Target” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/royal-bank-of-canada-analysts-give-pan-american-silver-corp-paas-a-23-00-price-target.html.

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Pan American Silver Corp. by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after acquiring an additional 679 shares during the last quarter. Advisor Group Inc. lifted its stake in Pan American Silver Corp. by 3.9% in the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 800 shares during the last quarter. National Asset Management Inc. lifted its stake in Pan American Silver Corp. by 4.3% in the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 850 shares during the last quarter. Legal & General Group Plc lifted its stake in Pan American Silver Corp. by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 990 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Pan American Silver Corp. by 1.7% in the second qua

Several other brokerages have also recently commented on PAAS. Raymond James Financial, Inc. cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a report on Friday, September 8th. Canaccord Genuity restated a “buy” rating and set a $22.00 target price on shares of Pan American Silver Corp. in a report on Thursday, September 7th. UBS AG cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. BMO Capital Markets restated a “hold” rating and set a $17.50 target price on shares of Pan American Silver Corp. in a report on Wednesday, September 20th. Finally, BidaskClub upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.89.

Pan American Silver Corp. (NASDAQ PAAS) traded up 0.18% during midday trading on Tuesday, hitting $16.93. 856,637 shares of the company traded hands. The firm has a market capitalization of $2.59 billion, a PE ratio of 21.65 and a beta of 0.14. The stock’s 50-day moving average is $17.80 and its 200-day moving average is $17.27. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Pan American Silver Corp. will post $0.56 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Royal Bank Of Canada Analysts Give Pan American Silver Corp. (PAAS) a $23.00 Price Target” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://ledgergazette.com/2017/10/18/royal-bank-of-canada-analysts-give-pan-american-silver-corp-paas-a-23-00-price-target.html.

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its stake in Pan American Silver Corp. by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after acquiring an additional 679 shares during the last quarter. Advisor Group Inc. lifted its stake in Pan American Silver Corp. by 3.9% in the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 800 shares during the last quarter. National Asset Management Inc. lifted its stake in Pan American Silver Corp. by 4.3% in the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 850 shares during the last quarter. Legal & General Group Plc lifted its stake in Pan American Silver Corp. by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 990 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Pan American Silver Corp. by 1.7% in the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 1,208 shares during the last quarter. Hedge funds and other institutional investors own 53.88% of the company’s stock.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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