Pan American Silver (NYSE:PAAS) Downgraded to Hold Rating by Zacks Research

Key Points

• Pan American Silver has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a change in outlook from several analysts.
• The company's recent earnings report showed a significant revenue increase of 18.3% year-over-year, with EPS beating estimates at $0.43.
• Current estimates suggest that Pan American Silver will post an EPS of 1.26 for the current year, amid mixed ratings from analysts regarding its stock performance.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently commented on the stock. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, TD Securities cut their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Hold" and a consensus target price of $31.40.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $31.2630 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver has a 1-year low of $18.50 and a 1-year high of $32.50. The stock has a market capitalization of $11.31 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.41 and a beta of 0.60. The business has a 50-day moving average price of $29.38 and a two-hundred day moving average price of $26.55.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. Pan American Silver's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Equities analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Institutional Investors Weigh In On Pan American Silver

Several institutional investors have recently added to or reduced their stakes in PAAS. Concurrent Investment Advisors LLC acquired a new stake in shares of Pan American Silver in the 1st quarter valued at about $222,000. D.A. Davidson & CO. acquired a new stake in Pan American Silver in the 1st quarter valued at approximately $358,000. Credit Industriel ET Commercial bought a new stake in Pan American Silver in the 4th quarter valued at approximately $8,537,000. Southland Equity Partners LLC acquired a new position in Pan American Silver during the 1st quarter worth approximately $300,000. Finally, Northern Trust Corp grew its stake in shares of Pan American Silver by 210.1% during the 4th quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock worth $1,696,000 after acquiring an additional 56,826 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Company Profile

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.

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