Pan American Silver (NYSE:PAAS) Price Target Raised to $17.00 at Jefferies Financial Group

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS had its price objective upped by stock analysts at Jefferies Financial Group from $14.00 to $17.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a "hold" rating on the basic materials company's stock. Jefferies Financial Group's price objective would suggest a potential downside of 6.75% from the company's current price.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. CIBC dropped their target price on shares of Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. TD Securities reduced their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Scotiabank increased their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a report on Monday, April 8th. Finally, StockNews.com lowered shares of Pan American Silver from a "hold" rating to a "sell" rating in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.84 on Monday, hitting $18.23. 5,163,039 shares of the company's stock were exchanged, compared to its average volume of 4,393,024. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm's 50-day moving average price is $14.89 and its two-hundred day moving average price is $14.84. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of -60.83, a P/E/G ratio of 2.14 and a beta of 1.44.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The company had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. On average, research analysts expect that Pan American Silver will post 0.47 EPS for the current year.

Institutional Trading of Pan American Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. lifted its stake in shares of Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company's stock valued at $25,000 after buying an additional 812 shares during the period. Ronald Blue Trust Inc. boosted its position in shares of Pan American Silver by 1,474.8% during the third quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company's stock worth $36,000 after purchasing an additional 2,345 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Pan American Silver in the 3rd quarter worth $46,000. CVA Family Office LLC acquired a new position in Pan American Silver in the 4th quarter worth $46,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Pan American Silver by 455.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company's stock worth $60,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.