Pan American Silver (NYSE:PAAS) Stock Rating Upgraded by Wall Street Zen

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the stock. Bank of America raised their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Finally, Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Stock Up 6.2%

NYSE PAAS opened at $57.97 on Friday. The business has a fifty day moving average price of $54.90 and a two-hundred day moving average price of $42.64. The stock has a market capitalization of $24.46 billion, a PE ratio of 33.51, a PEG ratio of 0.55 and a beta of 0.66. Pan American Silver has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. Equities analysts expect 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 modified their holdings of the business. Parallel Advisors LLC grew its position in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Pan American Silver in the fourth quarter valued at about $34,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $41,000. Golden State Wealth Management LLC grew its position in shares of Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 520 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.