BMO Capital Markets Raises Pan American Silver (TSE:PAAS) Price Target to C$45.00

Pan American Silver (TSE:PAAS) had its price objective boosted by analysts at BMO Capital Markets from C$38.00 to C$45.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential downside of 6.07% from the stock’s current price.

Pan American Silver Price Performance

PAAS opened at C$47.91 on Friday. Pan American Silver has a one year low of C$25.12 and a one year high of C$48.18. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88. The company’s 50 day simple moving average is C$41.85 and its 200-day simple moving average is C$37.93. The stock has a market capitalization of C$17.33 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 24.57 and a beta of 0.93.

Insider Buying and Selling at Pan American Silver

In other news, Senior Officer Christopher Emerson sold 6,763 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$40.12, for a total transaction of C$271,297.75. Also, Senior Officer Siren Fisekci sold 4,763 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$41.21, for a total transaction of C$196,303.71. Insiders sold 40,625 shares of company stock valued at $1,636,157 over the last three months. Insiders own 0.07% of the company’s stock.

About Pan American Silver

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold.