Pan American Silver (NASDAQ:PAAS) Raised to “B” at TheStreet

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) was upgraded by investment analysts at TheStreet from a “c” rating to a “b” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

Several other research firms also recently weighed in on PAAS. B. Riley decreased their price target on shares of Pan American Silver from $23.20 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $17.00 to $23.00 in a research report on Thursday, September 5th. ValuEngine upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. National Bank Financial upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, August 30th. Finally, TD Securities increased their price target on shares of Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Pan American Silver has a consensus rating of “Buy” and a consensus price target of $20.66.

PAAS traded up $0.14 during midday trading on Thursday, reaching $17.53. The company’s stock had a trading volume of 3,644,400 shares, compared to its average volume of 2,734,633. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 12.57 and a beta of 0.03. The stock’s 50-day moving average is $16.46 and its 200-day moving average is $14.65. Pan American Silver has a 1 year low of $10.26 and a 1 year high of $19.48. The company has a current ratio of 4.08, a quick ratio of 2.98 and a debt-to-equity ratio of 0.15.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.25. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. The company had revenue of $352.19 million for the quarter, compared to the consensus estimate of $324.87 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 87.6% compared to the same quarter last year. As a group, equities research analysts forecast that Pan American Silver will post 0.33 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Intact Investment Management Inc. increased its stake in shares of Pan American Silver by 9.4% in the second quarter. Intact Investment Management Inc. now owns 947,600 shares of the basic materials company’s stock worth $16,014,000 after purchasing an additional 81,700 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Pan American Silver by 24.6% in the second quarter. Gabelli Funds LLC now owns 453,153 shares of the basic materials company’s stock worth $5,850,000 after purchasing an additional 89,458 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Pan American Silver by 8.8% in the second quarter. TD Asset Management Inc. now owns 1,212,102 shares of the basic materials company’s stock worth $15,704,000 after purchasing an additional 97,600 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Pan American Silver by 5.0% in the second quarter. Toronto Dominion Bank now owns 123,960 shares of the basic materials company’s stock worth $1,602,000 after purchasing an additional 5,911 shares in the last quarter. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Pan American Silver in the second quarter worth $3,762,000. 50.66% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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