Pan American Silver (NASDAQ:PAAS) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

PAAS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Pan American Silver from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research report on Thursday, July 11th. Deutsche Bank upgraded shares of Pan American Silver from a hold rating to a buy rating and reduced their price target for the company from $17.50 to $15.50 in a research report on Wednesday, April 10th. Finally, BidaskClub upgraded shares of Pan American Silver from a hold rating to a buy rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Pan American Silver presently has an average rating of Hold and an average price target of $16.68.

Shares of PAAS stock traded down $0.54 during mid-day trading on Thursday, reaching $16.10. The stock had a trading volume of 3,897,075 shares, compared to its average volume of 3,941,554. The company has a 50-day moving average price of $13.72. Pan American Silver has a 52-week low of $10.26 and a 52-week high of $17.62. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 13.42 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 (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The firm had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $240.67 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts forecast that Pan American Silver will post 0.31 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Pan American Silver by 6.1% during the fourth quarter. FMR LLC now owns 4,528,893 shares of the basic materials company’s stock valued at $66,122,000 after buying an additional 260,455 shares during the period. Investec Asset Management LTD increased its position in shares of Pan American Silver by 22.8% during the second quarter. Investec Asset Management LTD now owns 4,470,052 shares of the basic materials company’s stock valued at $57,708,000 after buying an additional 829,417 shares during the period. Tocqueville Asset Management L.P. increased its position in shares of Pan American Silver by 1.3% during the second quarter. Tocqueville Asset Management L.P. now owns 4,459,626 shares of the basic materials company’s stock valued at $57,574,000 after buying an additional 58,100 shares during the period. Frontier Capital Management Co. LLC bought a new stake in Pan American Silver during the first quarter worth about $35,232,000. Finally, Deutsche Bank AG boosted its stake in Pan American Silver by 84.1% during the fourth quarter. Deutsche Bank AG now owns 2,421,835 shares of the basic materials company’s stock worth $35,358,000 after acquiring an additional 1,106,093 shares in the last quarter. Institutional investors own 54.26% 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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