Pan American Silver (NYSE:PAAS) Lowered to “Hold” Rating by TD Securities

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $27.00 price target on the basic materials company’s stock, down from their prior price target of $28.00. TD Securities’ price target suggests a potential upside of 6.80% from the stock’s current price.

Several other research analysts have also commented on PAAS. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Scotiabank lifted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Stock Up 3.3 %

PAAS stock opened at $25.28 on Tuesday. The company has a 50 day moving average price of $23.28 and a two-hundred day moving average price of $22.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market capitalization of $9.16 billion, a P/E ratio of 79.01 and a beta of 1.25. Pan American Silver has a one year low of $13.52 and a one year high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Pan American Silver

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Pan American Silver in the fourth quarter worth approximately $43,000. Barclays PLC boosted its position in shares of Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in shares of Pan American Silver in the 4th quarter worth approximately $2,911,000. Ingalls & Snyder LLC raised its holdings in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Pan American Silver by 73.2% during the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock valued at $1,869,000 after purchasing an additional 37,804 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.