BMO Capital Reaffirms Their Hold Rating on Pan American Silver

By Ryan Adsit

BMO Capital analyst David Gagliano reiterated a Hold rating on Pan American Silver (NASDAQ: PAAS) yesterday and set a price target of $17.50. The company’s shares closed yesterday at $17.40.

According to TipRanks.com, Gagliano is a 4-star analyst with an average return of 4.2% and a 51.5% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

Pan American Silver has an analyst consensus of Moderate Buy, with a price target consensus of $20.50.

Pan American Silver’s market cap is currently $2.66B and has a P/E ratio of 22.60. The company has a book value ratio of 1.8722.

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Pan American Silver Corp. is a silver mining company, which provides investors with the best investment opportunity to gain real exposure to silver prices. It engages in silver mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation.