In a report released yesterday, Dalton Baretto from Canaccord Genuity reiterated a Buy rating on Pan American Silver (PAAS), with a price target of $25. The company’s shares closed yesterday at $15.12.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 3.0% and a 44.1% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
Currently, the analyst consensus on Pan American Silver is a Moderate Buy with an average price target of $19.44.
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Pan American Silver’s market cap is currently $2.32B and has a P/E ratio of 18.71. The company has a Price to Book ratio of 1.47.
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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.
