Pan American Silver (NYSE:PAAS) Stock Rating Lowered by TD Securities

Key Points

• TD Securities downgraded Pan American Silver from “strong buy” to “hold.” Overall, analysts have five Buy and five Hold ratings, with a MarketBeat consensus of “Moderate Buy” and an average price target of $67.71.
• The company reported quarterly EPS of $0.69, beating estimates of $0.66, while revenue of $1.01 billion fell short of the $1.03 billion forecast. Revenue rose 17.7% year over year.
• Institutional investors and hedge funds own 55.43% of the stock; BlackRock and several other major investors established new positions during the second quarter.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was downgraded by analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a report issued on Monday, Zacks reports.

A number of other analysts also recently commented on PAAS. BMO Capital Markets reiterated a "market perform" rating on shares of Pan American Silver in a report on Thursday, August 13th. Royal Bank Of Canada cut their price target on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, September 16th. Wall Street Zen downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings downgraded Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 30th. Finally, Zacks Research raised Pan American Silver from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $67.71.

Pan American Silver Trading Up 2.9%

Shares of PAAS opened at $42.38 on Monday. Pan American Silver has a 52-week low of $35.82 and a 52-week high of $69.99. The stock has a market cap of $17.47 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 4.66 and a beta of 0.76. The firm's fifty day moving average is $45.69 and its two-hundred day moving average is $51.36. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. Pan American Silver had a net margin of 35.18% and a return on equity of 21.05%. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. Research analysts forecast that Pan American Silver will post 3.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAAS. BlackRock Inc. purchased a new stake in Pan American Silver in the second quarter valued at $375,948,000. The Manufacturers Life Insurance Company acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $145,312,000. Canada Pension Plan Investment Board acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $138,282,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $130,636,000. Finally, Legal & General Group Plc purchased a new position in shares of Pan American Silver during the 2nd quarter worth $106,698,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold's Canadian assets and interests in several mines in Latin America.

Pan American Silver's activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.

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