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

Key Points

• Pan American Silver (NYSE: PAAS) has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, while other analysts maintain varied ratings, with one reiterating a "strong-buy" and others providing "hold" ratings.
• The company recently reported earnings of $0.43 per share, exceeding analysts' expectations of $0.40, with a year-over-year revenue increase of 18.3%.
• Shares opened at $38.47, with a market capitalization of $16.24 billion and a price-to-earnings ratio of 26.53, indicating a positive outlook despite the downgrade.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on the company. National Bank Financial raised Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of Pan American Silver in a report on Tuesday. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Scotiabank decreased their price objective on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $38.47 on Friday. The business's 50-day moving average price is $35.89 and its 200-day moving average price is $29.94. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 0.64 and a beta of 0.63. Pan American Silver has a 12 month low of $19.80 and a 12 month high of $42.57.

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

Institutional Investors Weigh In On Pan American Silver

Several institutional investors have recently bought and sold shares of PAAS. GAMMA Investing LLC bought a new stake in Pan American Silver during the first quarter worth $199,000. Farther Finance Advisors LLC grew its holdings in Pan American Silver by 39.8% during the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after buying an additional 775 shares in the last quarter. Compass Ion Advisors LLC bought a new stake in Pan American Silver during the first quarter worth $223,000. PFG Investments LLC grew its holdings in Pan American Silver by 316.7% during the first quarter. PFG Investments LLC now owns 73,163 shares of the basic materials company's stock worth $1,890,000 after buying an additional 55,606 shares in the last quarter. Finally, Golden State Equity Partners grew its holdings in Pan American Silver by 50.0% during the first quarter. Golden State Equity Partners now owns 30,000 shares of the basic materials company's stock worth $775,000 after buying an additional 10,000 shares in the last quarter. Institutional investors 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.

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