Pan American Silver (NYSE:PAAS) Rating Increased to Strong-Buy at Wall Street Zen

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

A number of other analysts have also commented on PAAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, May 11th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Pan American Silver Stock Down 0.1%

Shares of Pan American Silver stock opened at $46.24 on Friday. Pan American Silver has a 12-month low of $26.76 and a 12-month high of $69.99. The firm has a market capitalization of $19.42 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.38 and a beta of 0.72. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $52.08 and its 200-day moving average is $55.06.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Equities analysts anticipate that Pan American Silver will post 4.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Veracity Capital LLC raised its stake in shares of Pan American Silver by 1.9% during the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock worth $511,000 after purchasing an additional 185 shares in the last quarter. RFG Advisory LLC grew its stake in shares of Pan American Silver by 2.5% in the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after buying an additional 191 shares in the last quarter. Grand Central Investment Group grew its stake in shares of Pan American Silver by 0.5% in the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock valued at $2,447,000 after buying an additional 211 shares in the last quarter. Metis Global Partners LLC increased its holdings in Pan American Silver by 1.5% in the fourth quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock worth $863,000 after buying an additional 239 shares during the last quarter. Finally, North Star Investment Management Corp. increased its holdings in Pan American Silver by 7.8% in the first quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock worth $189,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.