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

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

A number of other research analysts also recently issued reports on PAAS. Scotiabank boosted their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group cut their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Bank of America raised their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.60.

View Our Latest Stock Analysis on PAAS

Pan American Silver Trading Up 5.8%

Shares of PAAS stock opened at $64.76 on Friday. The stock has a market capitalization of $27.32 billion, a PE ratio of 25.91, a P/E/G ratio of 0.61 and a beta of 0.66. Pan American Silver has a 1-year low of $20.55 and a 1-year high of $69.99. The business has a 50-day moving average of $56.05 and a 200 day moving average of $43.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.55.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The business’s revenue was up 44.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current year.

Institutional Trading of Pan American Silver

Several institutional investors have recently made changes to their positions in PAAS. Compound Planning Inc. boosted its stake in Pan American Silver by 27.0% during the fourth quarter. Compound Planning Inc. now owns 16,776 shares of the basic materials company’s stock valued at $869,000 after buying an additional 3,562 shares during the last quarter. TMB Capital Partners LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $253,000. Corient Private Wealth LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $634,000. Strive Financial Group LLC purchased a new position in shares of Pan American Silver in the fourth quarter valued at $145,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Pan American Silver by 17.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,452 shares of the basic materials company’s stock valued at $852,000 after purchasing an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver News Roundup

Here are the key news stories impacting Pan American Silver this week:

Pan American Silver Company Profile

(Get Free Report)

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.

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