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

Pan American Silver (TSE:PAAS) had its target price increased by equities research analysts at National Bankshares from C$40.75 to C$44.25 in a research note issued on Tuesday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 46.96% from the company’s current price.

Pan American Silver Stock Down 0.2 %

TSE PAAS traded down C$0.06 on Tuesday, reaching C$30.11. The company had a trading volume of 313,740 shares, compared to its average volume of 762,772. The company’s fifty day moving average is C$29.74 and its 200-day moving average is C$28.81. The company has a debt-to-equity ratio of 17.98, a quick ratio of 0.88 and a current ratio of 2.06. Pan American Silver has a 1-year low of C$16.50 and a 1-year high of C$36.00. The firm has a market capitalization of C$10.93 billion, a price-to-earnings ratio of -53.77, a price-to-earnings-growth ratio of 24.57 and a beta of 1.40.

Insider Activity at Pan American Silver

In other news, Senior Officer Christopher Emerson sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$31.11, for a total transaction of C$62,222.60. 0.07% of the stock is currently owned by company insiders.

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.