Analysts Set Pan American Silver Corp. (PAAS) Price Target at $21.81

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has been given an average rating of “Buy” by the seventeen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.35.

Several brokerages recently issued reports on PAAS. Zacks Investment Research upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $22.00 price objective on shares of Pan American Silver in a research report on Tuesday. Scotiabank set a $21.00 price objective on shares of Pan American Silver and gave the company a “buy” rating in a research report on Monday. BidaskClub raised shares of Pan American Silver from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, BMO Capital Markets set a $21.00 price objective on shares of Pan American Silver and gave the company a “buy” rating in a research report on Thursday, November 23rd.

Shares of Pan American Silver (NASDAQ:PAAS) traded up $0.10 during trading on Monday, hitting $16.18. 2,066,050 shares of the company traded hands, compared to its average volume of 1,562,519. The company has a market cap of $2,500.00, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 6.61 and a beta of 0.09. Pan American Silver has a 52 week low of $13.99 and a 52 week high of $21.29.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $190.79 million during the quarter, compared to analyst estimates of $199.43 million. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. Pan American Silver’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. analysts predict that Pan American Silver will post 0.49 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. purchased a new stake in shares of Pan American Silver during the 2nd quarter valued at about $170,000. Quantbot Technologies LP purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $177,000. Virtu Financial LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $178,000. Tower Research Capital LLC TRC boosted its holdings in shares of Pan American Silver by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 7,934 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pan American Silver during the 2nd quarter valued at about $189,000. 53.89% of the stock is currently owned by institutional investors.

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Pan American Silver Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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