BMO Capital analyst Andrew Breichmanas reiterated a Buy rating on Pan American Silver (NASDAQ: PAAS) on September 19 and set a price target of $20. The company’s shares opened today at $15.04.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Agnico Eagle, and Barrick Gold.
Currently, the analyst consensus on Pan American Silver is a Moderate Buy with an average price target of $20.42, which is a 35.8% upside from current levels. In a report issued on September 16, RBC Capital also reiterated a Buy rating on the stock with a $19 price target.
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Based on Pan American Silver’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $36.19 million. In comparison, last year the company had a net profit of $35.47 million.
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Pan American Silver Corp. engages in the production and sale of silver, gold, and base metals including copper, lead, and zinc. It operates through the following geographical segments: Peru, Mexico, Argentina, Bolivia, Canada, and Other. The company was founded by Ross J. Beaty and John J. Wright in April 1994 and is headquartered in Vancouver, Canada.
