Pan American Silver (NYSE:PAAS) Rating Lowered to Buy at Wall Street Zen

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other research analysts have also recently weighed in on PAAS. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, May 11th. Bank of America lowered their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Finally, TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.42 on Friday, reaching $43.70. 2,953,041 shares of the company’s stock traded hands, compared to its average volume of 4,483,336. Pan American Silver has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 3.79 and a beta of 0.72. The stock has a 50 day moving average price of $51.07 and a 200-day moving average price of $54.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. Equities research analysts predict that Pan American Silver will post 4.31 EPS for the current fiscal year.

Institutional Trading of Pan American Silver

Several large investors have recently bought and sold shares of PAAS. Steadtrust LLC lifted its stake in Pan American Silver by 1.8% in the 2nd quarter. Steadtrust LLC now owns 133,150 shares of the basic materials company’s stock worth $5,964,000 after purchasing an additional 2,300 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Pan American Silver by 339.4% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,785 shares of the basic materials company’s stock worth $618,000 after buying an additional 10,648 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Pan American Silver by 2,085.8% during the second quarter. Assenagon Asset Management S.A. now owns 256,742 shares of the basic materials company’s stock worth $11,500,000 after buying an additional 244,996 shares during the last quarter. VectorGlobal IAG Inc. purchased a new stake in Pan American Silver in the 1st quarter valued at $658,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Pan American Silver in the 1st quarter worth $118,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.