Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Thursday.
A number of other brokerages also recently issued reports on PAAS. CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Finally, TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.50.
Read Our Latest Stock Report on Pan American Silver
Pan American Silver Trading Up 1.6%
Shares of PAAS stock traded up $0.36 on Thursday, hitting $23.44. The company had a trading volume of 403,557 shares, compared to its average volume of 3,790,156. The stock's 50-day moving average is $25.12 and its two-hundred day moving average is $23.50. Pan American Silver has a twelve month low of $17.86 and a twelve month high of $28.60. The firm has a market cap of $8.49 billion, a P/E ratio of 73.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, equities research analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.
Institutional Trading of Pan American Silver
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Pan American Silver by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company's stock valued at $365,397,000 after buying an additional 138,028 shares in the last quarter. FIL Ltd raised its position in shares of Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after buying an additional 584,017 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Pan American Silver by 11.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock valued at $233,225,000 after purchasing an additional 959,859 shares during the period. Invesco Ltd. raised its position in Pan American Silver by 2.1% during the first quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company's stock valued at $155,750,000 after purchasing an additional 121,764 shares during the period. Finally, Norges Bank purchased a new stake in Pan American Silver during the fourth quarter valued at approximately $91,916,000. Hedge funds and other institutional investors own 55.43% of the company's stock.
About Pan American Silver
(
Get Free Report)
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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