B. Riley upgraded shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) from a neutral rating to a buy rating in a report published on Thursday morning, Marketbeat reports. The brokerage currently has $21.00 price objective on the basic materials company’s stock. B. Riley also issued estimates for Pan American Silver Corp.’s Q4 2017 earnings at $0.22 EPS and FY2017 earnings at $0.66 EPS.

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the company an outperform rating in a report on Monday, August 14th. BidaskClub upgraded shares of Pan American Silver Corp. from a sell rating to a hold rating in a report on Saturday, August 19th. TheStreet lowered shares of Pan American Silver Corp. from a b- rating to a c+ rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Pan American Silver Corp. from a hold rating to a sell rating in a report on Thursday, July 13th. Finally, Canaccord Genuity reiterated a buy rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a report on Thursday, September 7th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pan American Silver Corp. currently has an average rating of Hold and an average price target of $20.90.

Pan American Silver Corp. (NASDAQ:PAAS) traded down $0.42 during trading hours on Thursday, hitting $14.62. 3,974,200 shares of the stock were exchanged, compared to its average volume of 1,660,337. Pan American Silver Corp. has a fifty-two week low of $13.80 and a fifty-two week high of $21.29. The firm has a market cap of $2,239.44, a PE ratio of 30.46, a PEG ratio of 7.38 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. The business had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. sell-side analysts forecast that Pan American Silver Corp. will post 0.5 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, November 17th. Pan American Silver Corp.’s payout ratio is currently 16.39%.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Pan American Silver Corp. by 3.5% during the first quarter. Vanguard Group Inc. now owns 2,738,973 shares of the basic materials company’s stock worth $47,986,000 after purchasing an additional 91,617 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pan American Silver Corp. by 14.9% during the first quarter. Geode Capital Management LLC now owns 80,299 shares of the basic materials company’s stock worth $1,406,000 after purchasing an additional 10,429 shares during the last quarter. Aperio Group LLC lifted its stake in Pan American Silver Corp. by 1.7% in the second quarter. Aperio Group LLC now owns 178,762 shares of the basic materials company’s stock valued at $3,007,000 after buying an additional 2,955 shares during the last quarter. TD Asset Management Inc. lifted its stake in Pan American Silver Corp. by 1.3% in the second quarter. TD Asset Management Inc. now owns 1,226,602 shares of the basic materials company’s stock valued at $20,599,000 after buying an additional 15,400 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Pan American Silver Corp. by 4.3% in the second quarter. Canada Pension Plan Investment Board now owns 97,403 shares of the basic materials company’s stock valued at $1,636,000 after buying an additional 4,003 shares during the last quarter. 53.67% of the stock is owned by institutional investors and hedge funds.

About Pan American Silver Corp.

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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