Notable Mover: Time to Buy Pan American Silver Corp. (USA) After Today’s Significant Decline?

Notable Mover: Time to Buy Pan American Silver Corp. (USA) After Today's Significant Decline?

The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) is a huge mover today! The stock decreased 2.27% or $0.41 during the last trading session, hitting $17.62. About 2.71 million shares traded hands. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 83.73% since February 29, 2016 and is uptrending. It has outperformed by 73.31% the S&P500.
The move comes after 8 months negative chart setup for the $2.66 billion company. It was reported on Oct, 1 by We have $16.03 PT which if reached, will make NASDAQ:PAAS worth $239.40 million less.

Analysts await Pan American Silver Corp. (USA) (NASDAQ:PAAS) to report earnings on November, 10. They expect $0.08 EPS, up 233.33% or $0.14 from last year’s $-0.06 per share. PAAS’s profit will be $12.08 million for 55.06 P/E if the $0.08 EPS becomes a reality. After $0.13 actual EPS reported by Pan American Silver Corp. (USA) for the previous quarter, Wall Street now forecasts -38.46% negative EPS growth.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) Ratings Coverage

Out of 5 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Pan American Silver Corp. has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. FBR Capital downgraded the shares of PAAS in a report on Thursday, January 28 to “Mkt Perform” rating. BMO Capital Markets upgraded the stock to “Outperform” rating in Thursday, May 12 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, June 13. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, July 20. BMO Capital Markets downgraded the shares of PAAS in a report on Tuesday, August 23 to “Market Perform” rating. Mackie downgraded it to “Buy” rating and $0.15 target price in Monday, August 31 report. Raymond James upgraded Pan American Silver Corp. (USA) (NASDAQ:PAAS) rating on Monday, June 27. Raymond James has “Outperform” rating and $18.50 price target. The stock has “Sector Perform” rating given by IBC on Monday, February 22. The firm has “Outperformer” rating by IBC given on Friday, April 8. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned “Market Perform” rating by BMO Capital Markets on Monday, March 14.

According to Zacks Investment Research, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers.”

More recent Pan American Silver Corp. (USA) (NASDAQ:PAAS) news were published by: which released: “Analyst Downgrades: Zoe’s Kitchen Inc, Logitech International SA, and Pan …” on August 23, 2016. Also published the news titled: “Pan American Silver To The Rescue” on July 11, 2016.‘s news article titled: “Silver Will Become Hot Commodity Amid Market Uncertainty” with publication date: June 28, 2016 was also an interesting one.

PAAS Company Profile

Pan American Silver Corp. (Pan American), incorporated on March 7, 1979, is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States. The Company’s properties consist of the Huaron and Morococha mines located in Peru, the Alamo Dorado, La Colorada and Dolores mines located in Mexico, the San Vicente mine located in Bolivia and the Manantial Espejo mine located in Argentina. The Company’s subsidiaries include Pan American Silver Huaron S.A. (PAS Huaron), Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V., Compania Minera Dolores S.A. de C.V., Minera Triton Argentina S.A. (MTA), Pan American Silver (Bolivia) S.A. (PASB) and Minera Argenta S.A.

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