Pan American Silver Corp Upgraded to Hold by Thomson Reuters/Verus (PAAS)
Pan American Silver Corp (NASDAQ:PAAS) was upgraded by analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, American Banking and Market News reports.
Shares of Pan American Silver Corp (NASDAQ:PAAS) traded down 0.51% on Monday, hitting $9.84. 775,491 shares of the company’s stock traded hands. Pan American Silver Corp has a 1-year low of $9.78 and a 1-year high of $22.83. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $12.39. The company’s market cap is $1.490 billion.
Pan American Silver Corp (NASDAQ:PAAS) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.12. The company had revenue of $175.60 million for the quarter, compared to the consensus estimate of $200.73 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts predict that Pan American Silver Corp will post $0.33 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Pan American Silver Corp in a research note to investors on Friday, September 20th. They set a “neutral” rating on the stock. Separately, analysts at TheStreet downgraded shares of Pan American Silver Corp from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at TheStreet downgraded shares of Pan American Silver Corp from a “hold” rating to a “sell” rating in a research note to investors on Tuesday, August 27th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.29.
Pan American Silver Corp. (NASDAQ:PAAS), engaged in the operation and development of, and exploration for, silver producing properties and assets.
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