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

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other research firms have also issued reports on PAAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. CIBC increased their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Scotiabank upped their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Finally, Jefferies Financial Group decreased their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Pan American Silver Stock Performance

PAAS opened at $64.50 on Friday. Pan American Silver has a twelve month low of $20.55 and a twelve month high of $65.38. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $27.21 billion, a PE ratio of 37.28, a PEG ratio of 0.39 and a beta of 0.67. The firm’s 50-day moving average price is $49.74 and its 200 day moving average price is $39.58.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The business had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in shares of Pan American Silver by 151.8% in 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 in the last quarter. Rothschild Investment LLC purchased a new position in Pan American Silver in the 3rd quarter worth approximately $36,000. City State Bank grew its position in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.