Pan American Silver (NASDAQ:PAAS) Rating Increased to B at TheStreet

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) was upgraded by research analysts at TheStreet from a “c” rating to a “b” rating in a note issued to investors on Thursday, November 7th, TheStreetRatingsTable reports.

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Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Zacks Investment Research downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $17.00 to $23.00 in a research report on Thursday, September 5th. TD Securities upped their price objective 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. Finally, National Bank Financial upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.53.

PAAS stock traded up $0.04 during mid-day trading on Thursday, reaching $18.41. The company had a trading volume of 2,255,700 shares, compared to its average volume of 2,936,248. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.76 and a quick ratio of 1.50. Pan American Silver has a 12 month low of $10.26 and a 12 month high of $19.48. The company has a market capitalization of $3.85 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 11.13 and a beta of 0.03. The firm has a 50 day moving average of $16.57 and a 200 day moving average of $14.82.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.10 by $0.25. The company had revenue of $352.19 million during the quarter, compared to analysts’ expectations of $324.87 million. Pan American Silver had a net margin of 2.51% and a return on equity of 4.09%. The firm’s revenue was up 87.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. Analysts anticipate that Pan American Silver will post 0.51 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Usca Ria LLC acquired a new stake in shares of Pan American Silver during the 3rd quarter worth about $36,000. Flagship Harbor Advisors LLC boosted its stake in shares of Pan American Silver by 339.8% during the 3rd 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 acquired a new stake in shares of Pan American Silver during the 3rd quarter worth about $126,000. Tower Research Capital LLC TRC boosted its stake in shares of Pan American Silver by 25.5% during the 3rd 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 acquired a new stake in shares of Pan American Silver during the 2nd quarter worth about $166,000. 51.44% of the stock is currently 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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