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BofA Merrill upgraded Pan Am Silver (NASDAQ:PAAS) from Underperform to Buy in a statement released earlier today.

BofA Merrill has upgraded Pan Am Silver (NASDAQ:PAAS) from Underperform to Buy in a report released on 11/22/2016.

Just yesterday Pan Am Silver (NASDAQ:PAAS) traded -0.48% lower at $16.91. Pan Am Silver’s 50-day moving average is $16.18 and its 200-day moving average is $17.02. The last stock price is down -3.48% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 1,268,219 shares of PAAS changing hands under the typical 2,836,830

Performance Chart

Pan Am Silver (NASDAQ:PAAS)

With a total market value of $0, Pan Am Silver has with a one year low of $5.38 and a one year high of $21.59 .

Also covering Pan Am Silver's target, a total of 10 brokers have issued a research note on the company. The average stock price target is $16.15 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, seven brokerages rating the company a hold, one brokerage rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More About Pan Am Silver (NASDAQ:PAAS)

Pan American Silver Corp. (Pan American) 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 Company 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., Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V. and Minera Argenta S.A.

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