Price Action Alert: Pan American Silver Corp. (USA)’s Trend Up, Especially After Today’s Strong Session

Price Action Alert: Pan American Silver Corp. (USA)'s Trend Up, Especially After Today's Strong Session

The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) is a huge mover today! About 1.42 million shares traded hands. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 14.64% since April 13, 2016 and is uptrending. It has outperformed by 10.71% the S&P500.
The move comes after 6 months positive chart setup for the $2.40B company. It was reported on Nov, 15 by Barchart.com. We have $25.30 PT which if reached, will make NASDAQ:PAAS worth $1.49B more.

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

Out of 6 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Pan American Silver Corp. has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. On Wednesday, March 23 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned “Market Perform” rating by BMO Capital Markets on Tuesday, August 23. Deutsche Bank upgraded it to “Buy” rating and $20 target price in Monday, October 3 report. The rating was initiated by FBR Capital with “Outperform” on Friday, September 18. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, May 12. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, March 14. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) has “Sector Perform” rating given on Thursday, September 17 by RBC Capital Markets. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned “Buy” rating by Mackie on Monday, August 31. The company was maintained on Monday, June 13 by RBC Capital Markets. The firm has “Outperform” rating by Raymond James given on Monday, June 27.

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 news for Pan American Silver Corp. (USA) (NASDAQ:PAAS) were recently published by: Fool.ca, which released: “Why Pan American Silver Corp. Is a Solid Opportunity to Cash in on the Rally …” on January 23, 2015. Benzinga.com‘s article titled: “Silver Will Become Hot Commodity Amid Market Uncertainty” and published on June 28, 2016 is yet another important article.

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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