Pan American Silver (TSE:PAAS) Price Target Lowered to C$54.00 at Jefferies Financial Group

Pan American Silver (TSE:PAAS) had its price target reduced by investment analysts at Jefferies Financial Group from C$58.00 to C$54.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential downside of 32.08% from the stock’s previous close.

Pan American Silver Stock Performance

Shares of TSE:PAAS traded down C$1.49 during midday trading on Wednesday, reaching C$79.50. The company had a trading volume of 832,526 shares, compared to its average volume of 932,086. The stock has a market cap of C$33.55 billion, a P/E ratio of 45.95, a P/E/G ratio of 24.57 and a beta of 1.63. The company’s 50 day moving average price is C$67.05 and its 200 day moving average price is C$54.10. The company has a current ratio of 2.06, a quick ratio of 0.88 and a debt-to-equity ratio of 17.60. Pan American Silver has a 52-week low of C$29.31 and a 52-week high of C$82.69.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.