Yesterday, an analyst has provided a rating update for the Materials sector company, Pan American Silver (PAAS). Analyst Cosmos Chiu from CIBC rated Pan American Silver (PAAS) a Buy, setting a C$22 price target.
According to TipRanks.com, Chiu is a 4-star analyst with an average return of 8.7% and a 52.6% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and OceanaGold Corporation.
Currently, the analyst consensus on Pan American Silver is a Strong Buy with an average price target of C$22, a 20.3% upside from current levels. In a report issued on February 21, Canaccord Genuity also reiterated a Buy rating on the stock.
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The company has a one-year high of C$24.22 and a one-year low of C$16.05. Currently, Pan American Silver has an average volume of 404.8K.
Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of silver mining and related activities. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The company was founded by Ross J. Beaty and John J. Wright in April 1994 and is headquartered in Vancouver, Canada.
The company’s shares closed on Tuesday at C$18.29.
