Pan American Silver (NASDAQ:PAAS) Rating Increased 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 report released on Thursday, TheStreetRatingsTable reports.

A number of other research analysts have also commented on the stock. B. Riley reduced their price target on shares of Pan American Silver from $23.20 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Zacks Investment Research lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. TD Securities lifted their price objective on shares of Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, BidaskClub downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.66.

Shares of Pan American Silver stock traded up $0.14 during mid-day trading on Thursday, hitting $17.53. 3,644,400 shares of the stock were exchanged, compared to its average volume of 2,734,633. The company has a 50-day simple moving average of $16.46 and a 200 day simple moving average of $14.65. The company has a market capitalization of $3.48 billion, a P/E ratio of 44.95, a P/E/G ratio of 12.57 and a beta of 0.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.98 and a current ratio of 4.08. Pan American Silver has a 12 month low of $10.26 and a 12 month high of $19.48.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $352.19 million during the quarter, compared to analyst estimates of $324.87 million. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. The business’s revenue for the quarter was up 87.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Analysts predict that Pan American Silver will post 0.33 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Usca Ria LLC bought a new stake in Pan American Silver in the third quarter worth $36,000. Flagship Harbor Advisors LLC lifted its stake in Pan American Silver by 339.8% in the third quarter. Flagship Harbor Advisors LLC now owns 3,395 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 2,623 shares during the last quarter. Cerebellum GP LLC bought a new stake in Pan American Silver in the third quarter worth $126,000. Tower Research Capital LLC TRC lifted its stake in Pan American Silver by 25.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,345 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Comerica Bank bought a new stake in Pan American Silver in the second quarter worth $166,000. 50.66% of the stock is owned by 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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