Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was downgraded by equities research analysts at Raymond James Financial, Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday. They currently have a $20.50 price objective on the basic materials company’s stock. Raymond James Financial, Inc.’s price objective would suggest a potential upside of 8.07% from the company’s previous close.

A number of other brokerages have also weighed in on PAAS. Royal Bank Of Canada restated an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday. Canaccord Genuity restated a “buy” rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a report on Thursday. UBS AG lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday. BidaskClub upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets restated a “hold” rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a report on Thursday, June 29th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.10.

Shares of Pan American Silver Corp. (PAAS) traded down 0.63% during trading on Friday, reaching $18.85. 359,403 shares of the company were exchanged. The firm has a 50-day moving average price of $17.42 and a 200-day moving average price of $17.25. 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 $2.89 billion, a P/E ratio of 24.10 and a beta of 0.23.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The business had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. During the same period last year, the business earned $0.13 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Pan American Silver Corp. will post $0.54 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in PAAS. SG Americas Securities LLC acquired a new stake in Pan American Silver Corp. during the 1st quarter worth $164,000. Alliancebernstein L.P. acquired a new stake in Pan American Silver Corp. during the 2nd quarter worth $170,000. Sigma Planning Corp acquired a new stake in Pan American Silver Corp. during the 2nd quarter worth $181,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Pan American Silver Corp. during the 2nd quarter worth $189,000. Finally, Tower Research Capital LLC TRC raised its stake in Pan American Silver Corp. by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 7,934 shares in the last quarter. Hedge funds and other institutional investors own 53.91% 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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