Pan American Silver Corp. (NASDAQ:PAAS) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank AG upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.50 to $20.00 in a research report on Monday, October 3rd. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday, November 4th. FBR & Co set a $21.00 price objective on shares of Pan American Silver Corp. and gave the stock a “hold” rating in a research report on Thursday, August 18th. TD Securities reiterated a “hold” rating and set a $23.00 price objective (up from $18.00) on shares of Pan American Silver Corp. in a research report on Tuesday, August 16th. Finally, BMO Capital Markets cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research report on Tuesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Pan American Silver Corp. currently has an average rating of “Hold” and a consensus price target of $19.63.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) opened at 14.49 on Tuesday. The stock’s 50 day moving average is $16.29 and its 200-day moving average is $16.93. Pan American Silver Corp. has a 12 month low of $5.38 and a 12 month high of $21.59. The company’s market capitalization is $2.21 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of PAAS. Squarepoint Ops LLC acquired a new position in Pan American Silver Corp. during the first quarter worth $559,000. Creative Planning raised its position in Pan American Silver Corp. by 275.2% in the second quarter. Creative Planning now owns 9,381 shares of the company’s stock worth $154,000 after buying an additional 6,881 shares during the period. Foundry Partners LLC acquired a new position in Pan American Silver Corp. during the second quarter worth $5,858,000. James Investment Research Inc. acquired a new position in Pan American Silver Corp. during the second quarter worth $804,000. Finally, Fox Run Management L.L.C. acquired a new position in Pan American Silver Corp. during the second quarter worth $443,000. 48.46% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

5 Day Chart for NASDAQ:PAAS

Receive News & Stock Ratings for Pan American Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver Corp. and related stocks with our FREE daily email newsletter.