Pan American Silver (NYSE:PAAS) Upgraded by Wall Street Zen to Buy Rating

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Scotiabank raised their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group dropped their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Up 6.2%

PAAS stock opened at $57.97 on Friday. The stock has a fifty day moving average of $54.90 and a 200-day moving average of $42.64. Pan American Silver has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 0.55 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. Pan American Silver’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. As a group, equities research analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FORA Capital LLC increased its stake in Pan American Silver by 201.6% in the 4th quarter. FORA Capital LLC now owns 38,440 shares of the basic materials company’s stock worth $1,992,000 after acquiring an additional 25,693 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Pan American Silver by 238.9% during the fourth quarter. Kestra Advisory Services LLC now owns 71,369 shares of the basic materials company’s stock worth $3,698,000 after purchasing an additional 50,311 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Pan American Silver by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,220 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 610 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Pan American Silver by 24.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,937,145 shares of the basic materials company’s stock worth $152,430,000 after purchasing an additional 568,452 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Pan American Silver by 23.6% in the fourth quarter. Stifel Financial Corp now owns 159,949 shares of the basic materials company’s stock valued at $8,287,000 after purchasing an additional 30,576 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.