Pan American Silver (NYSE:PAAS) Receives Buy (B) Rating from Weiss Ratings

Key Points

• Pan American Silver (NYSE:PAAS) has received a "buy (B)" rating from Weiss Ratings, reaffirming investor confidence in the company.
• Despite a positive rating from Weiss, the stock faced a decline of 2.3% in trading, with current shares hitting $39.90.
• Analyst consensus ratings show a mix of opinions, with one strong buy, five buy, and three hold ratings, reflecting moderate buy sentiment among analysts.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS's stock had its "buy (b)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on PAAS. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Scotiabank lowered their target price on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. CIBC increased their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an "outperformer" rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Pan American Silver Stock Down 2.3%

PAAS stock traded down $0.93 during trading on Tuesday, hitting $39.90. 4,824,105 shares of the stock traded hands, compared to its average volume of 4,964,956. Pan American Silver has a 1 year low of $19.80 and a 1 year high of $41.50. The firm's 50 day moving average is $35.10 and its two-hundred day moving average is $29.60. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million for the quarter, compared to the consensus estimate 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 for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company's stock valued at $365,397,000 after purchasing an additional 138,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Pan American Silver by 15.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company's stock valued at $296,087,000 after purchasing an additional 1,396,360 shares in the last quarter. Invesco Ltd. lifted its holdings in Pan American Silver by 49.5% during the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company's stock valued at $256,062,000 after purchasing an additional 2,986,434 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Pan American Silver by 5,674.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company's stock valued at $174,406,000 after purchasing an additional 6,034,755 shares in the last quarter. Finally, Norges Bank purchased a new position in Pan American Silver during the second quarter valued at approximately $155,281,000. Hedge funds and other 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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