Price Action Report: Pan American Silver Corp. (USA) Can’t Be More Safe. Trades Significantly Higher

Price Action Report: Pan American Silver Corp. (USA) Can't Be More Safe. Trades Significantly Higher

The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) is a huge mover today! About 1.31M shares traded hands. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 51.10% since April 5, 2016 and is uptrending. It has outperformed by 49.14% the S&P500.
The move comes after 9 months positive chart setup for the $2.48B company. It was reported on Nov, 8 by Barchart.com. We have $22.56 PT which if reached, will make NASDAQ:PAAS worth $942.40M more.

Analysts await Pan American Silver Corp. (USA) (NASDAQ:PAAS) to report earnings on November, 10. They expect $0.08 earnings per share, up 233.33% or $0.14 from last year’s $-0.06 per share. PAAS’s profit will be $12.13 million for 51.09 P/E if the $0.08 EPS becomes a reality. After $0.13 actual earnings per share reported by Pan American Silver Corp. (USA) for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) Ratings Coverage

Out of 6 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Pan American Silver Corp. has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. As per Tuesday, August 23, the company rating was downgraded by BMO Capital Markets. The firm has “Outperformer” rating by IBC given on Friday, April 8. Deutsche Bank upgraded Pan American Silver Corp. (USA) (NASDAQ:PAAS) rating on Monday, October 3. Deutsche Bank has “Buy” rating and $20 price target. The rating was maintained by RBC Capital Markets on Monday, June 13 with “Sector Perform”. The stock has “Buy” rating given by Mackie on Monday, August 31. FBR Capital initiated it with “Outperform” rating and $8 target price in Friday, September 18 report. Raymond James upgraded the stock to “Outperform” rating in Monday, June 27 report. The firm earned “Mkt Perform” rating on Wednesday, July 20 by FBR Capital. The company was upgraded on Thursday, May 12 by BMO Capital Markets. Deutsche Bank upgraded Pan American Silver Corp. (USA) (NASDAQ:PAAS) rating on Thursday, August 13. Deutsche Bank has “Buy” rating and $12 price target.

According to Zacks Investment Research, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers.”

Another recent and important Pan American Silver Corp. (USA) (NASDAQ:PAAS) news was published by Fool.ca which published an article titled: “Why Pan American Silver Corp. Is a Solid Opportunity to Cash in on the Rally …” on January 23, 2015.

PAAS 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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