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

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

PAAS has been the subject of a number of other reports. Jefferies Financial Group dropped their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Bank of America raised their price target on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Scotiabank boosted their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Get Our Latest Research Report on Pan American Silver

Pan American Silver Price Performance

NYSE:PAAS opened at $64.76 on Friday. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 0.61 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.55. The business has a 50 day simple moving average of $56.05 and a 200-day simple moving average of $43.85. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. Pan American Silver’s quarterly revenue was up 44.7% compared to the same quarter last year. Equities analysts forecast that Pan American Silver will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $34,000. Rothschild Investment LLC purchased a new position in Pan American Silver during the third quarter valued at approximately $36,000. City State Bank lifted its holdings in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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About Pan American Silver

(Get Free Report)

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.

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