Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) had its price objective hoisted by Royal Bank Of Canada from $22.00 to $29.00 in a research note issued on Monday. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 64.87% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, May 3rd. TheStreet lowered Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. BMO Capital Markets restated a “hold” rating and set a $17.50 price target on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. Finally, FBR & Co boosted their price target on Pan American Silver Corp. from $20.00 to $22.00 and gave the company a “mkt perform” rating in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.61.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 0.85% during midday trading on Monday, reaching $17.74. The company’s stock had a trading volume of 841,609 shares. The stock has a market capitalization of $2.72 billion, a P/E ratio of 22.69 and a beta of 0.29. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.59. The stock’s 50-day moving average is $16.54 and its 200 day moving average is $17.49.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Pan American Silver Corp. will post $0.49 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. BARING ASSET MANAGEMENT Ltd acquired a new stake in Pan American Silver Corp. during the first quarter worth approximately $3,557,000. Swiss National Bank raised its stake in Pan American Silver Corp. by 1.0% in the first quarter. Swiss National Bank now owns 254,600 shares of the basic materials company’s stock worth $4,457,000 after buying an additional 2,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 period. BNP Paribas Arbitrage SA raised its stake in Pan American Silver Corp. by 700.1% in the first quarter. BNP Paribas Arbitrage SA now owns 119,103 shares of the basic materials company’s stock worth $2,087,000 after buying an additional 104,217 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Pan American Silver Corp. by 20.2% in the first quarter. Canada Pension Plan Investment Board now owns 93,400 shares of the basic materials company’s stock worth $1,630,000 after buying an additional 15,700 shares during the period. Institutional investors and hedge funds own 49.91% of the company’s stock.

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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