In a report issued on September 16, Mark Mihaljevic from RBC Capital reiterated a Buy rating on Pan American Silver (NASDAQ: PAAS), with a price target of $19. The company’s shares closed yesterday at $15.02.
According to TipRanks.com, Mihaljevic is ranked #4747 out of 4876 analysts.
Currently, the analyst consensus on Pan American Silver is a Moderate Buy with an average price target of $20.50.
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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.
