JPMorgan Chase & Co. Increases Pan American Silver (PAAS) Price Target to C$26.00
Pan American Silver (TSE:PAAS) had its price objective raised by equities researchers at JPMorgan Chase & Co. from C$23.00 to C$26.00 in a report issued on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 45.74% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. National Bank Financial reaffirmed a “sector perform” rating and set a C$23.00 price objective on shares of Pan American Silver in a research note on Tuesday, March 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$20.00 target price on shares of Pan American Silver in a research note on Wednesday, January 23rd. B. Riley reaffirmed a “neutral” rating and set a C$12.50 target price on shares of Pan American Silver in a research note on Friday, March 1st. Finally, Pi Financial lifted their target price on shares of Pan American Silver from C$23.00 to C$23.50 in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$21.00.
Shares of TSE PAAS traded up C$0.17 during midday trading on Monday, reaching C$17.84. 139,475 shares of the stock were exchanged, compared to its average volume of 432,861. The stock has a market capitalization of $3.70 billion and a price-to-earnings ratio of 266.12. Pan American Silver has a twelve month low of C$16.05 and a twelve month high of C$24.22. The company has a debt-to-equity ratio of 1.82, a current ratio of 3.64 and a quick ratio of 2.04.
About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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