Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) received a $21.00 price objective from BMO Capital Markets in a report released on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 37.70% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Raymond James Financial, Inc. cut Pan American Silver from an “outperform” rating to a “market perform” rating and set a $20.50 target price on the stock. in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Thursday, September 7th. B. Riley raised Pan American Silver from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, November 9th. UBS AG cut Pan American Silver from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 price target on shares of Pan American Silver in a report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Pan American Silver currently has a consensus rating of “Buy” and a consensus price target of $21.59.

Shares of Pan American Silver (NASDAQ:PAAS) traded down $0.31 during trading hours on Thursday, reaching $15.25. The company had a trading volume of 592,391 shares, compared to its average volume of 1,650,000. Pan American Silver has a 1 year low of $14.05 and a 1 year high of $21.29. The company has a market capitalization of $2,360.00, a PE ratio of 31.77, a price-to-earnings-growth ratio of 7.83 and a beta of 0.15.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The firm had revenue of $190.79 million for the quarter, compared to analysts’ expectations of $199.43 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. analysts anticipate that Pan American Silver will post 0.49 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAAS. BT Investment Management Ltd purchased a new position in Pan American Silver during the 2nd quarter worth approximately $120,085,000. Van ECK Associates Corp grew its position in Pan American Silver by 59.6% during the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock worth $298,955,000 after purchasing an additional 6,640,625 shares in the last quarter. AJO LP purchased a new position in Pan American Silver during the 2nd quarter worth approximately $12,239,000. Investec Asset Management LTD grew its position in Pan American Silver by 16.8% during the 3rd quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock worth $44,106,000 after purchasing an additional 372,424 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Pan American Silver by 452.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after purchasing an additional 353,037 shares in the last quarter. Hedge funds and other institutional investors own 53.24% of the company’s stock.

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About Pan American Silver

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 (NASDAQ:PAAS)

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