Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

A number of other research firms also recently issued reports on PAAS. Royal Bank of Canada set a $22.00 price objective on shares of Pan American Silver and gave the stock a “buy” rating in a report on Tuesday, December 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price objective on shares of Pan American Silver in a report on Friday, October 6th. Citigroup raised shares of Pan American Silver to an “outperform” rating in a report on Tuesday, November 21st. Raymond James Financial downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a report on Friday, September 8th. Finally, UBS downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.13.

Pan American Silver (PAAS) opened at $15.78 on Thursday. The stock has a market cap of $2,420.00, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 7.90 and a beta of 0.09. Pan American Silver has a fifty-two week low of $13.99 and a fifty-two week high of $21.29.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million for the quarter, compared to the consensus estimate of $199.43 million. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. analysts predict that Pan American Silver will post 0.49 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in shares of Pan American Silver by 59.6% in the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock worth $298,955,000 after buying an additional 6,640,625 shares during the last quarter. BT Investment Management Ltd purchased a new position in shares of Pan American Silver in the 2nd quarter worth about $120,085,000. Vanguard Group Inc. boosted its holdings in shares of Pan American Silver by 8.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,956,784 shares of the basic materials company’s stock worth $49,734,000 after buying an additional 217,811 shares during the last quarter. Investec Asset Management LTD boosted its holdings in shares of Pan American Silver by 16.8% in the 3rd quarter. Investec Asset Management LTD now owns 2,586,839 shares of the basic materials company’s stock worth $44,106,000 after buying an additional 372,424 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its holdings in shares of Pan American Silver by 4.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,243,009 shares of the basic materials company’s stock worth $21,185,000 after buying an additional 57,079 shares during the last quarter. 53.89% of the stock is currently owned by institutional investors.

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About Pan American Silver

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 (NASDAQ:PAAS)

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