Pan American Silver (TSE:PAAS) Stock Rating Upgraded by TD

Pan American Silver (TSE:PAAS) was upgraded by equities researchers at TD from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a C$72.00 price objective on the stock, up from their prior price objective of C$67.00. TD’s price target suggests a potential downside of 16.33% from the company’s previous close.

PAAS has been the subject of a number of other research reports. National Bank Financial set a C$116.00 price target on Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. Jefferies Financial Group lowered their price target on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price target on Pan American Silver from C$69.00 to C$85.00 in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$81.75.

Pan American Silver Price Performance

TSE PAAS traded up C$0.82 during midday trading on Tuesday, hitting C$86.05. The company had a trading volume of 538,982 shares, compared to its average volume of 1,111,586. The company has a market capitalization of C$36.26 billion, a PE ratio of 27.15, a P/E/G ratio of 24.57 and a beta of 2.04. The company has a current ratio of 2.84, a quick ratio of 0.88 and a debt-to-equity ratio of 11.49. The firm has a 50-day moving average price of C$77.26 and a 200-day moving average price of C$71.64. Pan American Silver has a twelve month low of C$30.82 and a twelve month high of C$95.39.

Pan American Silver (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$1.52 earnings per share for the quarter. The firm had revenue of C$1.85 billion during the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%. As a group, analysts anticipate that Pan American Silver will post 1.9192235 earnings per share for the current fiscal year.

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.