Pan American Silver (NASDAQ: PAAS) received a Hold rating and a $17.50 price target from Scotiabank analyst Trevor Turnbull yesterday. The company’s shares closed yesterday at $16.28.
Turnbull has an average return of 6.4% when recommending Pan American Silver.
According to TipRanks.com, Turnbull is ranked #3242 out of 4843 analysts.
Currently, the analyst consensus on Pan American Silver is a Moderate Buy with an average price target of $20.50, a 25.9% upside from current levels. In a report issued on July 11, Deutsche Bank also downgraded the stock to Hold.
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Pan American Silver’s market cap is currently $2.5B and has a P/E ratio of 16.78. The company has a Price to Book ratio of 1.60.
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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.
