Pan American Silver (NYSE:PAAS) Upgraded at StockNews.com

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Other analysts have also issued reports about the company. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating for the company. Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities dropped their price objective on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Tuesday. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Pan American Silver Trading Down 1.8%

Shares of Pan American Silver stock opened at $22.61 on Thursday. The stock has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $23.53. Pan American Silver has a 52 week low of $17.86 and a 52 week high of $28.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market capitalization of $8.19 billion, a PE ratio of 70.66 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $696.62 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was up 28.6% on a year-over-year basis. As a group, equities analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 451 shares during the period. US Bancorp DE grew its position in shares of Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 664 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 715 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.