Jefferies Financial Group Issues Pessimistic Forecast for Pan American Silver (NYSE:PAAS) Stock Price

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective decreased by stock analysts at Jefferies Financial Group from $58.00 to $54.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 12.48% from the stock’s previous close.

A number of other brokerages also recently issued reports on PAAS. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Scotiabank increased their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. CIBC upped their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, Bank of America lifted their price objective on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Pan American Silver Price Performance

Pan American Silver stock opened at $61.70 on Wednesday. The firm has a market capitalization of $26.03 billion, a P/E ratio of 35.66, a PEG ratio of 0.36 and a beta of 0.67. Pan American Silver has a one year low of $20.55 and a one year high of $61.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The business has a fifty day moving average price of $49.22 and a 200-day moving average price of $39.33.

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

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Pan American Silver during the 3rd quarter valued at about $36,000. Trust Co. of Vermont bought a new stake in Pan American Silver in the 4th quarter worth approximately $48,000. City State Bank lifted its position in Pan American Silver by 74.4% in the 3rd 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 last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after buying an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.