Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was downgraded by equities research analysts at UBS AG from an “outperform” rating to a “market perform” rating in a report released on Thursday, The Fly reports.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity assumed coverage on Pan American Silver Corp. in a research note on Thursday. They issued a “buy” rating on the stock. BidaskClub raised Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Royal Bank Of Canada raised their target price on Pan American Silver Corp. from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, August 14th. TheStreet cut Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Pan American Silver Corp. presently has an average rating of “Hold” and an average price target of $20.61.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up 1.65% during mid-day trading on Thursday, hitting $19.09. The company’s stock had a trading volume of 571,867 shares. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 24.41 and a beta of 0.23. The stock’s 50 day moving average price is $17.36 and its 200 day moving average price is $17.24.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. Equities analysts forecast that Pan American Silver Corp. will post $0.53 EPS for the current year.

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A number of large investors have recently bought and sold shares of the business. Verition Fund Management LLC bought a new stake in Pan American Silver Corp. during the second quarter valued at about $259,000. National Asset Management Inc. raised its holdings in Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 850 shares during the period. Bank of Nova Scotia raised its holdings in Pan American Silver Corp. by 102.1% during the second quarter. Bank of Nova Scotia now owns 43,055 shares of the basic materials company’s stock valued at $724,000 after acquiring an additional 21,750 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Pan American Silver Corp. by 1.6% during 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 acquiring an additional 679 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Pan American Silver Corp. by 1,091.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 7,934 shares during the period. 53.91% of the stock is currently owned by institutional investors and hedge funds.

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.

The Fly

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

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