Bank of America Securities analyst Lawson Winder maintained a Buy rating on Pan American Silver (PAAS – Research Report) today. The company’s shares opened today at $18.12.
According to TipRanks, Winder is a 3-star analyst with an average return of 0.9% and a 55.28% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Alcoa, Commercial Metals Company, and Franco-Nevada.
Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $19.61, implying an 8.22% upside from current levels. In a report released on April 19, National Bank also maintained a Buy rating on the stock with a C$34.50 price target.
Based on Pan American Silver’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $669.6 million and a GAAP net loss of $51.5 million. In comparison, last year the company had a GAAP net loss of $172.76 million
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAAS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Pan American Silver (PAAS) Company Description:
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.
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