Pan American Silver (PAAS) Receives a Buy from RBC Capital

In a report released on January 30, Michael Siperco from RBC Capital maintained a Buy rating on Pan American Silver (PAASResearch Report), with a price target of $22.00. The company’s shares closed yesterday at $18.75.

According to TipRanks, Siperco is an analyst with an average return of -1.6% and a 52.34% success rate. Siperco covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Coeur Mining, and New Gold.

Pan American Silver has an analyst consensus of Strong Buy, with a price target consensus of $22.67, which is a 20.91% upside from current levels. In a report released on January 19, Canaccord Genuity also maintained a Buy rating on the stock with a $28.00 price target.

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PAAS market cap is currently $3.85B and has a P/E ratio of -25.48.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 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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