BMO Capital Markets Raises Pan American Silver (TSE:PAAS) Price Target to C$85.00

Pan American Silver (TSE:PAAS) had its price target upped by research analysts at BMO Capital Markets from C$69.00 to C$85.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 12.52% from the stock’s current price.

PAAS has been the topic of a number of other research reports. Jefferies Financial Group lowered their target price on Pan American Silver from C$58.00 to C$54.00 in a report on Wednesday, January 21st. National Bank Financial set a C$116.00 price target on Pan American Silver and gave the stock an “outperform” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$85.00.

Pan American Silver Stock Down 2.2%

Shares of TSE PAAS opened at C$75.54 on Wednesday. Pan American Silver has a 12-month low of C$30.82 and a 12-month high of C$95.39. The company has a market capitalization of C$31.83 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 24.57 and a beta of 1.99. The company has a debt-to-equity ratio of 13.39, a current ratio of 2.69 and a quick ratio of 0.88. The firm’s 50-day moving average is C$79.05 and its two-hundred day moving average is C$69.97.

Pan American Silver (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$1.52 earnings per share for the quarter. Pan American Silver had a net margin of 27.08% and a return on equity of 16.85%. The business had revenue of C$1.62 billion during the quarter. Equities analysts anticipate that Pan American Silver will post 1.9192235 EPS for the current fiscal year.

Pan American Silver Company Profile

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. Pan American Silver is based in British Columbia.