B.Riley FBR Remains a Hold on Pan American Silver (PAAS)
In a report released today, Adam Graf from B.Riley FBR maintained a Hold rating on Pan American Silver (PAAS), with a price target of $22.35. The company’s shares closed last Monday at $21.26, close to its 52-week high of $21.32.
According to TipRanks.com, Graf is a 2-star analyst with an average return of 1.0% and a 38.9% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures, First Majestic Silver, and Hecla Mining Company.
Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $23.41.
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Based on Pan American Silver’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $37.66 million. In comparison, last year the company had a GAAP net loss of $9.46 million.
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Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. 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.