Pan American Silver (NYSE:PAAS) Price Target Raised to $30.00

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective boosted by Royal Bank of Canada from $28.00 to $30.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the basic materials company’s stock.

Separately, StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Stock Performance

Pan American Silver stock opened at $25.07 on Tuesday. The firm’s 50 day simple moving average is $22.14 and its 200-day simple moving average is $21.81. The company has a market cap of $9.10 billion, a P/E ratio of -147.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver has a fifty-two week low of $12.17 and a fifty-two week high of $26.05.

Institutional Investors Weigh In On Pan American Silver

Hedge funds have recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver during the 3rd quarter worth about $28,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver during the 3rd quarter worth about $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Pan American Silver in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% 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.