Pan American Silver (NYSE:PAAS) Raised to “Strong-Buy” at Wall Street Zen

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Friday.

A number of other brokerages also recently commented on PAAS. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Scotiabank decreased their target price on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pan American Silver in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $39.07 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $33.69 and a two-hundred day moving average of $29.01. Pan American Silver has a 52 week low of $19.80 and a 52 week high of $40.34. The company has a market cap of $16.49 billion, a P/E ratio of 26.94, a PEG ratio of 0.63 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same period in the previous year, the firm posted $0.11 earnings per share. Pan American Silver’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in Pan American Silver in the first quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Pan American Silver in the second quarter valued at $51,000. Kiker Wealth Management LLC increased its holdings in shares of Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after buying an additional 550 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.