Scotiabank Lowers Pan American Silver (TSE:PAAS) Price Target to C$14.00

Pan American Silver (TSE:PAAS) had its target price lowered by analysts at Scotiabank from C$24.00 to C$14.00 in a research report issued on Tuesday, BayStreet.CA reports. Scotiabank’s price target suggests a potential downside of 41.45% from the stock’s previous close.

PAAS has been the topic of a number of other research reports. Pi Financial reduced their price objective on Pan American Silver from C$34.00 to C$32.00 in a research note on Thursday, March 19th. National Bank Financial boosted their price objective on Pan American Silver from C$38.50 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.

Pan American Silver stock opened at C$23.91 on Tuesday. The company has a debt-to-equity ratio of 12.81, a quick ratio of 1.56 and a current ratio of 2.90. The firm has a market cap of $4.74 billion and a P/E ratio of 43.47. The business’s fifty day moving average is C$27.26 and its two-hundred day moving average is C$25.83. Pan American Silver has a 52 week low of C$13.83 and a 52 week high of C$34.79.

In other news, Senior Officer Steven Busby sold 15,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of C$33.00, for a total transaction of C$495,000.00. Following the completion of the sale, the insider now owns 84,892 shares in the company, valued at C$2,801,436. Also, Senior Officer Alun Robert Doyle sold 2,576 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$30.00, for a total value of C$77,280.00. Following the sale, the insider now owns 66,811 shares of the company’s stock, valued at approximately C$2,004,330.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

See Also: Why does the United States have a lingering trade deficit?

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.