BidaskClub upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a strong sell rating to a sell rating in a report published on Thursday, December 21st.
A number of other equities analysts have also recently commented on the company. Royal Bank of Canada set a $22.00 price target on Pan American Silver and gave the stock a buy rating in a report on Tuesday, December 5th. Credit Suisse Group raised Pan American Silver from a neutral rating to an outperform rating in a report on Wednesday, November 22nd. B. Riley raised Pan American Silver from a neutral rating to a buy rating and set a $21.00 price target for the company in a report on Thursday, November 9th. Zacks Investment Research raised Pan American Silver from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Wednesday, December 20th. Finally, Raymond James Financial cut Pan American Silver from an outperform rating to a market perform rating and set a $20.50 target price for the company. in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $20.92.
Pan American Silver (NASDAQ:PAAS) traded up $0.48 during trading on Thursday, hitting $16.66. The stock had a trading volume of 1,525,545 shares, compared to its average volume of 1,558,400. Pan American Silver has a 12 month low of $13.99 and a 12 month high of $21.29. The firm has a market cap of $2,550.00, a PE ratio of 27.31, a P/E/G ratio of 6.61 and a beta of 0.09.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The company had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Pan American Silver’s revenue was down 18.3% on a year-over-year basis. equities analysts anticipate that Pan American Silver will post 0.49 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of PAAS. BT Investment Management Ltd acquired a new position in Pan American Silver in the 2nd quarter worth about $120,085,000. Van ECK Associates Corp increased its holdings in Pan American Silver by 59.6% in the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock worth $298,955,000 after purchasing an additional 6,640,625 shares in the last quarter. AJO LP acquired a new position in Pan American Silver in the 2nd quarter worth about $12,239,000. Investec Asset Management LTD increased its holdings in Pan American Silver by 16.8% in the 3rd quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock worth $44,106,000 after purchasing an additional 372,424 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Pan American Silver by 452.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after buying an additional 353,037 shares during the last quarter. 53.89% of the stock is owned by institutional investors and hedge funds.
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.
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