Pan American Silver Corp. (NASDAQ:PAAS) Receives Average Recommendation of “Hold” from Analysts

Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.68.

A number of equities research analysts have recently weighed in on PAAS shares. BidaskClub lowered shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. National Bank Financial reissued a “sector perform” rating and set a C$23.00 price objective on shares of Pan American Silver in a report on Tuesday, March 26th. Deutsche Bank decreased their target price on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, ValuEngine downgraded shares of Zuora from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st.

Shares of PAAS traded up $1.01 during trading hours on Friday, reaching $15.02. 440,253 shares of the company traded hands, compared to its average volume of 2,809,834. The company has a market capitalization of $2.93 billion, a PE ratio of 38.51, a P/E/G ratio of 11.86 and a beta of 0.14. The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15. Pan American Silver has a 12-month low of $10.26 and a 12-month high of $17.62. The stock has a fifty day simple moving average of $12.20.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $232.60 million for the quarter, compared to analyst estimates of $240.67 million. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. On average, analysts anticipate that Pan American Silver will post 0.28 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bennicas & Associates Inc. lifted its position in Pan American Silver by 1.5% during the first quarter. Bennicas & Associates Inc. now owns 107,832 shares of the basic materials company’s stock valued at $1,429,000 after purchasing an additional 1,615 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Pan American Silver by 3.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 53,833 shares of the basic materials company’s stock worth $785,000 after acquiring an additional 1,888 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Pan American Silver by 83.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,400 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 2,000 shares during the period. First Manhattan Co. raised its position in shares of Pan American Silver by 0.4% in the first quarter. First Manhattan Co. now owns 506,615 shares of the basic materials company’s stock worth $6,712,000 after acquiring an additional 2,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pan American Silver by 19.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,300 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 2,039 shares during the period. Institutional investors own 54.02% of the company’s stock.

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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