What’s Propelling Pan American Silver Corp. to Decline So Much?


The stock of Pan American Silver Corp. (TSE:PAA) is a huge mover today! About 504,540 shares traded hands or 13.76% up from the average. Pan American Silver Corp. (TSE:PAA) has risen 104.18% since February 5, 2016 and is uptrending. It has outperformed by 87.69% the S&P500.
The move comes after 8 months negative chart setup for the $3.58 billion company. It was reported on Sep, 13 by Barchart.com. We have $20.62 PT which if reached, will make TSE:PAA worth $322.20M less.

Out of 3 analysts covering Pan American Silver Corp. (TSE:PAA), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Pan American Silver Corp. has been the topic of 4 analyst reports since September 21, 2015 according to StockzIntelligence Inc.

Pan American Silver Corp. is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The company has a market cap of $3.58 billion. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. It currently has negative earnings. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States.

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