Price Action to Note: What’s Pan American Silver Corp. (USA) Upside After Today’s Significant Increase?

Price Action to Note: What's Pan American Silver Corp. (USA) Upside After Today's Significant Increase?

The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) is a huge mover today! About 2.96 million shares traded hands or 6.09% up from the average. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 22.54% since April 20, 2016 and is uptrending. It has outperformed by 17.98% the S&P500.
The move comes after 7 months positive chart setup for the $2.83 billion company. It was reported on Nov, 22 by Barchart.com. We have $19.05 PT which if reached, will make NASDAQ:PAAS worth $198.10M more.

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

Out of 6 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Pan American Silver Corp. has been the topic of 20 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Mackie given on Monday, August 31. As per Wednesday, July 20, the company rating was maintained by FBR Capital. Canaccord Genuity upgraded the stock to “Buy” rating in Tuesday, November 15 report. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. The firm earned “Hold” rating on Wednesday, March 23 by Deutsche Bank. As per Thursday, August 13, the company rating was upgraded by Deutsche Bank. RBC Capital Markets maintained Pan American Silver Corp. (USA) (NASDAQ:PAAS) on Monday, June 13 with “Sector Perform” rating. The firm has “Market Perform” rating given on Monday, March 14 by BMO Capital Markets. IBC upgraded the stock to “Sector Perform” rating in Monday, February 22 report. As per Thursday, January 28, the company rating was downgraded by FBR Capital.

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.”

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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