Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research report issued on Thursday. They presently have a $22.00 price objective on the basic materials company’s stock. Canaccord Genuity’s target price indicates a potential upside of 17.15% from the stock’s current price.

A number of other research analysts also recently weighed in on PAAS. BidaskClub downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Royal Bank Of Canada set a $22.00 target price on Pan American Silver Corp. and gave the company a “buy” rating in a report on Thursday, August 10th. TheStreet downgraded Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. TD Securities reissued a “buy” rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. Finally, Zacks Investment Research downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.17.

Shares of Pan American Silver Corp. (PAAS) traded up 0.85% during midday trading on Thursday, reaching $18.94. The company had a trading volume of 1,063,145 shares. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29. The stock has a market capitalization of $2.90 billion, a PE ratio of 24.22 and a beta of 0.23. The company’s 50-day moving average is $17.36 and its 200-day moving average is $17.24.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Pan American Silver Corp.’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Pan American Silver Corp. will post $0.53 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Pan American Silver Corp. by 149.4% in the first quarter. Russell Investments Group Ltd. now owns 293,362 shares of the basic materials company’s stock worth $5,101,000 after buying an additional 175,744 shares during the period. SG Americas Securities LLC bought a new position in shares of Pan American Silver Corp. in the first quarter worth about $164,000. Wells Fargo & Company MN raised its stake in shares of Pan American Silver Corp. by 51.6% in the first quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock worth $8,726,000 after buying an additional 169,511 shares during the period. Swiss National Bank raised its stake in shares of 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. Finally, Schroder Investment Management Group bought a new position in shares of Pan American Silver Corp. in the first quarter worth about $8,204,000. 53.91% of the stock is currently owned by hedge funds and other institutional investors.

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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