National Bankshares Raises Pan American Silver (TSE:PAAS) Price Target to C$62.00

Pan American Silver (TSE:PAAS) had its price objective raised by investment analysts at National Bankshares from C$52.50 to C$62.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 29.41% from the company’s previous close.

Separately, BMO Capital Markets lifted their price objective on shares of Pan American Silver from C$38.00 to C$45.00 in a research report on Friday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$53.50.

Pan American Silver Stock Performance

Shares of PAAS opened at C$47.91 on Friday. The firm has a 50-day moving average of C$41.85 and a 200-day moving average of C$37.93. 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 market cap of C$17.33 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 24.57 and a beta of 0.93. The company has a debt-to-equity ratio of 17.60, a current ratio of 2.06 and a quick ratio of 0.88.

Insider Activity at Pan American Silver

In other news, Senior Officer Siren Fisekci sold 4,763 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$41.21, for a total transaction of C$196,303.71. Also, Senior Officer Christopher Emerson sold 6,763 shares of the stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$40.12, for a total value of C$271,297.75. Insiders sold a total of 40,625 shares of company stock worth $1,636,157 in the last quarter. 0.07% of the stock is currently owned by corporate insiders.

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.