Pan American Silver (NASDAQ:PAAS) Trading Up 6.2%

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS)’s share price was up 6.2% during trading on Tuesday . The stock traded as high as $14.15 and last traded at $14.01, approximately 7,782,764 shares changed hands during mid-day trading. An increase of 247% from the average daily volume of 2,241,427 shares. The stock had previously closed at $13.19.

Several equities analysts have commented on PAAS shares. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Deutsche Bank cut their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. National Bank Financial reaffirmed a “sector perform” rating and issued a C$23.00 price target on shares of Pan American Silver in a report on Tuesday, March 26th. ValuEngine cut Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Finally, BidaskClub cut Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.84.

The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $12.20. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 11.76 and a beta of 0.14.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The business had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $240.67 million. During the same period in the prior year, the firm posted $0.20 EPS. Pan American Silver’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Pan American Silver Corp. will post 0.28 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Intact Investment Management Inc. acquired a new stake in Pan American Silver during the 1st quarter valued at $15,283,000. Deutsche Bank AG increased its holdings in Pan American Silver by 84.1% during the 4th quarter. Deutsche Bank AG now owns 2,421,835 shares of the basic materials company’s stock valued at $35,358,000 after purchasing an additional 1,106,093 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Pan American Silver by 18.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 30,379 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 4,644 shares in the last quarter. Investec Asset Management LTD increased its holdings in Pan American Silver by 25.8% during the 1st quarter. Investec Asset Management LTD now owns 3,640,635 shares of the basic materials company’s stock valued at $48,238,000 after purchasing an additional 747,294 shares in the last quarter. Finally, Clean Yield Group increased its holdings in Pan American Silver by 80.0% during the 1st quarter. Clean Yield Group now owns 13,500 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 6,000 shares in the last quarter. 54.02% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile (NASDAQ:PAAS)

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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