RBC Capital analyst Mark Mihaljevic downgraded Pan American Silver (PAAS) to Hold today. The company’s shares closed yesterday at $12.66, close to its 52-week low of $12.12.
According to TipRanks.com, Mihaljevic is ranked 0 out of 5 stars with an average return of -19.6% and a 14.7% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals Inc, Guyana Goldfields Inc, and Hecla Mining Company.
Pan American Silver has an analyst consensus of Moderate Buy, with a price target consensus of $18.17.
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Based on Pan American Silver’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $9.46 million. In comparison, last year the company had a net profit of $17.26 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.
