Pan American Silver (TSE:PAAS) Stock Rating Upgraded by TD

Pan American Silver (TSE:PAAS) was upgraded by stock analysts at TD from a “hold” rating to a “buy” rating in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a C$72.00 price target on the stock, up from their prior price target of C$67.00. TD’s target price suggests a potential downside of 16.33% from the stock’s current price.

Other research analysts have also issued research reports about the company. National Bank Financial set a C$116.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research report on Friday, April 17th. BMO Capital Markets boosted their price target on Pan American Silver from C$69.00 to C$85.00 in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their target price on Pan American Silver from C$58.00 to C$54.00 in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$81.75.

Pan American Silver Stock Up 1.0%

Shares of TSE:PAAS traded up C$0.82 during trading on Tuesday, hitting C$86.05. 538,982 shares of the company were exchanged, compared to its average volume of 1,111,586. The stock has a market cap of C$36.26 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 24.57 and a beta of 2.04. Pan American Silver has a fifty-two week low of C$30.82 and a fifty-two week high of C$95.39. The firm has a fifty day moving average price of C$77.26 and a two-hundred day moving average price of C$71.64. The company has a current ratio of 2.84, a quick ratio of 0.88 and a debt-to-equity ratio of 11.49.

Pan American Silver (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$1.52 earnings per share for the quarter. The firm had revenue of C$1.85 billion for the quarter. Pan American Silver had a return on equity of 19.65% and a net margin of 31.69%. As a group, research analysts anticipate that Pan American Silver will post 1.9192235 earnings per share for the current fiscal year.

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. Pan American Silver is based in British Columbia.