Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently weighed in on PAAS. Zacks Investment Research cut Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. BMO Capital Markets reissued a “hold” rating and issued a $17.50 price target on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price target on shares of Pan American Silver Corp. in a research note on Tuesday, May 30th. TD Securities reissued a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Finally, TheStreet cut Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $20.61.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 1.02% during midday trading on Friday, reaching $17.52. 1,546,804 shares of the company were exchanged. The firm’s 50 day moving average is $16.62 and its 200-day moving average is $17.45. The company has a market capitalization of $2.68 billion, a PE ratio of 22.40 and a beta of 0.29. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. Pan American Silver Corp.’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. On average, equities analysts forecast that Pan American Silver Corp. will post $0.54 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Pan American Silver Corp. by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after buying an additional 679 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Pan American Silver Corp. by 3.9% in the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after buying an additional 800 shares in the last quarter. National Asset Management Inc. raised its stake in shares of Pan American Silver Corp. by 4.3% in the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after buying an additional 850 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Pan American Silver Corp. by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after buying an additional 990 shares in the last quarter. Finally, WFG Advisors LP raised its stake in shares of 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 valued at $283,000 after buying an additional 1,020 shares in the last quarter. 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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