Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by analysts at Citigroup Inc. to an “outperform” rating in a report issued on Tuesday, The Fly reports.

A number of other research analysts also recently commented on PAAS. Zacks Investment Research raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. TheStreet downgraded shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. BidaskClub downgraded shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $22.00 target price on shares of Pan American Silver Corp. and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $22.00 target price on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.15.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down $0.22 on Tuesday, reaching $14.98. 1,439,800 shares of the company were exchanged, compared to its average volume of 1,793,189. Pan American Silver Corp. has a 52-week low of $14.05 and a 52-week high of $21.29. The stock has a market capitalization of $2,330.00, a P/E ratio of 31.67, a PEG ratio of 8.09 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. The firm had revenue of $190.79 million for the quarter, compared to the consensus estimate of $199.43 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue was down 18.3% on a year-over-year basis. equities research analysts forecast that Pan American Silver Corp. will post 0.47 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Pan American Silver Corp. (PAAS) Upgraded at Citigroup Inc.” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/21/pan-american-silver-corp-paas-upgraded-at-citigroup-inc.html.

Several hedge funds and other institutional investors have recently bought and sold shares of PAAS. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $170,000. Quantbot Technologies LP bought a new stake in shares of Pan American Silver Corp. during the 3rd quarter worth $177,000. Virtu Financial LLC bought a new stake in shares of Pan American Silver Corp. during the 3rd quarter worth $178,000. Sigma Planning Corp bought a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $181,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $189,000. 53.24% of the stock is 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)

Receive News & Ratings for Pan American Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver Corp. and related companies with MarketBeat.com's FREE daily email newsletter.