Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday.

A number of other research analysts also recently issued reports on the company. UBS AG downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a report on Thursday. BidaskClub upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. TheStreet downgraded Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.17.

Shares of Pan American Silver Corp. (PAAS) traded up 1.01% during midday trading on Thursday, hitting $18.97. The company had a trading volume of 1,412,264 shares. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29. The firm has a market capitalization of $2.91 billion, a P/E ratio of 24.26 and a beta of 0.23. The firm’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 quarterly earnings data 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 business had revenue of $201.30 million during 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%. Pan American Silver Corp.’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, analysts predict that Pan American Silver Corp. will post $0.53 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in Pan American Silver Corp. by 59.6% in the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after acquiring an additional 6,640,625 shares in the last quarter. BT Investment Management Ltd acquired a new position in Pan American Silver Corp. in the 2nd quarter valued at $120,085,000. Westpac Banking Corp raised its holdings in Pan American Silver Corp. by 8.5% in the 1st quarter. Westpac Banking Corp now owns 6,498,934 shares of the basic materials company’s stock valued at $113,861,000 after acquiring an additional 506,413 shares in the last quarter. FMR LLC raised its holdings in Pan American Silver Corp. by 2.2% in the 1st quarter. FMR LLC now owns 3,539,837 shares of the basic materials company’s stock valued at $62,018,000 after acquiring an additional 74,700 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in Pan American Silver Corp. by 11.2% in the 1st quarter. Investec Asset Management LTD now owns 3,050,213 shares of the basic materials company’s stock valued at $53,440,000 after acquiring an additional 308,401 shares in the last quarter. 53.91% of the stock is 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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