Pan American Silver (TSE:PAAS) Given New C$54.00 Price Target at Jefferies Financial Group

Pan American Silver (TSE:PAAS) had its target price dropped by equities research analysts at Jefferies Financial Group from C$58.00 to C$54.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential downside of 32.08% from the company’s current price.

Pan American Silver Stock Performance

PAAS traded down C$1.49 on Wednesday, hitting C$79.50. The company’s stock had a trading volume of 832,526 shares, compared to its average volume of 932,086. Pan American Silver has a 12 month low of C$29.31 and a 12 month high of C$82.69. The firm has a market cap of C$33.55 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 24.57 and a beta of 1.63. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 17.60. The company’s 50 day simple moving average is C$67.05 and its 200-day simple moving average is C$54.10.

Pan American Silver Company Profile

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.