Royal Bank of Canada Issues Positive Forecast for Pan American Silver (NYSE:PAAS) Stock Price

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

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

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $24.32 on Tuesday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of -143.03 and a beta of 1.28. Pan American Silver has a one year low of $12.16 and a one year high of $26.05. The business has a fifty day simple moving average of $22.04 and a 200 day simple moving average of $21.76. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Institutional Investors Weigh In On Pan American Silver

Several large investors have recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the fourth quarter valued at about $27,000. Eastern Bank acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver during the 3rd quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Pan American Silver in the 4th quarter valued at $32,000. Institutional investors 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.