What Next for Pan American Silver Corp. Stock After Today’s Huge Decline?

 What Next for Pan American Silver Corp. Stock After Today's Huge Decline?

The stock of Pan American Silver Corp. (TSE:PAA) is a huge mover today! About 111,045 shares traded hands. Pan American Silver Corp. (TSE:PAA) has risen 55.23% since April 1, 2016 and is uptrending. It has outperformed by 53.27% the S&P500.
The move comes after 8 months negative chart setup for the $3.22 billion company. It was reported on Nov, 7 by Barchart.com. We have $20.16 PT which if reached, will make TSE:PAA worth $193.20 million less.

Pan American Silver Corp. (TSE:PAA) Ratings Coverage

Out of 4 analysts covering Pan American Silver Corp. (TSE:PAA), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $13 is the highest target while $10 is the lowest. The $11.40 average target is -46.85% below today’s ($21.45) stock price. Pan American Silver Corp. has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. On Wednesday, February 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. IBC upgraded the stock to “Sector Performer” rating in Monday, February 22 report. As per Tuesday, September 1, the company rating was upgraded by Scotia Capital. The rating was initiated by JP Morgan on Thursday, February 4 with “Neutral”.

More recent Pan American Silver Corp. (TSE:PAA) news were published by: Forbes.com which released: “See How Pan American Silver Corp. Ranks Among Analysts’ Top Metals Picks” on January 13, 2016. Also Prnewswire.com published the news titled: “Pan American Silver Corp. – Early Warning Report” on May 02, 2016. Bloomberg.com‘s news article titled: “Silver Producer Seeks Macri Magic to End Argentine Mining Ban” with publication date: September 13, 2016 was also an interesting one.

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 $3.22 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.

PAA.TO Company Profile

Pan American Silver Corp. (Pan American), incorporated on March 7, 1979, 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’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States. The Company’s properties consist of the Huaron and Morococha mines located in Peru, the Alamo Dorado, La Colorada and Dolores mines located in Mexico, the San Vicente mine located in Bolivia and the Manantial Espejo mine located in Argentina. The Company’s subsidiaries include Pan American Silver Huaron S.A. (PAS Huaron), Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V., Compania Minera Dolores S.A. de C.V., Minera Triton Argentina S.A. (MTA), Pan American Silver (Bolivia) S.A. (PASB) and Minera Argenta S.A.

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