RBC Capital Upgrades Pan American Silver Corp. (USA) to Outperform

Brokerage firm RBC Capital Upgrades its rating on Pan American Silver Corp. (USA)(PAAS). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by the stock financial advisor at RBC Capital was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 9, 2017, Canaccord Genuity said it Downgrades its rating on Pan American Silver Corp. (USA). According to the research note, Canaccord Genuity Lowers the price target to $17 per share from a prior target of $18. The shares have been rated ‘Hold’ by the firm.

Pan American Silver Corp. (USA) (PAAS) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -2.83% at a volume of 18,94,927. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.96. The peak price level was also seen at $17.96 while the days lowest was $17.46. Finally the shares closed at $17.48. The 52-week high of the shares is $21.59 while the 52-week low is $10.16. According to the latest information available, the market cap of the company is $2,676 M.

Pan American Silver Corp. (USA)(PAAS) last announced its earnings results on Feb 14, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $190.596M. Analysts had an estimated revenue of $189.770M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.14.

Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Company’s principal product is silver and also produces and sells gold zinc lead and copper. It is engaged in mining operations and is developing mining projects in Mexico Peru Argentina and Bolivia and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Company’s principal products and sources of sales are silver and gold ore as well as silver bearing zinc lead and copper concentrates. It operates among others the Huaron Morococha Alamo Dorado Dolores La Colorada Manantial Espejo and San Vicente mines.

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