Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been given an average rating of “Hold” by the thirteen research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $19.93.

A number of equities research analysts have recently weighed in on PAAS shares. Deutsche Bank AG dropped their target price on Pan American Silver Corp. from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 21st. Zacks Investment Research downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. BMO Capital Markets restated a “hold” rating and set a $17.50 target price on shares of Pan American Silver Corp. in a research report on Thursday, June 29th. Credit Suisse Group restated a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday, April 18th. Finally, Royal Bank Of Canada upgraded Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $17.20 to $22.00 in a research report on Tuesday, March 21st.

Pan American Silver Corp. (NASDAQ PAAS) traded up 3.03% during midday trading on Monday, hitting $16.68. The company had a trading volume of 1,017,655 shares. The company’s 50 day moving average is $17.23 and its 200-day moving average is $17.47. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.59. The company has a market cap of $2.55 billion, a P/E ratio of 21.58 and a beta of 0.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The business had revenue of $198.70 million during the quarter, compared to the consensus estimate of $179.02 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, equities analysts predict that Pan American Silver Corp. will post $0.46 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Pan American Silver Corp. during the first quarter worth about $164,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the basic materials company’s stock worth $167,000 after buying an additional 1,167 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock worth $237,000 after buying an additional 2,422 shares during the last quarter. Moloney Securities Asset Management LLC boosted its position in Pan American Silver Corp. by 46.2% in the first quarter. Moloney Securities Asset Management LLC now owns 15,825 shares of the basic materials company’s stock worth $277,000 after buying an additional 5,000 shares during the last quarter. Finally, WFG Advisors LP boosted its position in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock worth $283,000 after buying an additional 1,020 shares during the last quarter. 50.22% of the stock is owned by hedge funds and other institutional investors.

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Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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