Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a research report issued on Wednesday. They presently have a $17.50 price target on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential downside of 1.07% from the company’s current price.

Several other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. UBS AG cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Raymond James Financial, Inc. cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price on the stock. in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. Finally, TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.10.

Shares of Pan American Silver Corp. (PAAS) opened at 17.69 on Wednesday. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.29. The stock has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.23. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 22.62 and a beta of 0.23.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. During the same period last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that Pan American Silver Corp. will post $0.53 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pan American Silver Corp. by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock worth $713,000 after buying an additional 679 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Pan American Silver Corp. by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock worth $362,000 after buying an additional 800 shares during the last quarter. National Asset Management Inc. grew its stake in shares of Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock worth $344,000 after buying an additional 850 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Pan American Silver Corp. by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after buying an additional 990 shares during the last quarter. Finally, WFG Advisors LP grew its stake in shares of Pan American Silver Corp. by 6.8% during the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock worth $283,000 after buying an additional 1,020 shares during the last quarter. 53.88% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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