Pan American Silver (NYSE:PAAS) Upgraded at Wall Street Zen

Key Points

• Pan American Silver (NYSE:PAAS) has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting growing investor confidence in the company.
• The company reported a quarterly earnings per share of $0.43, surpassing estimates, with revenue of $811.90 million, indicating a year-over-year revenue increase of 18.3%.
• Currently, Pan American Silver has a market capitalization of $16.49 billion and has seen significant institutional investment, with institutions owning 55.43% of the company's stock.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

PAAS has been the topic of several other reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Pan American Silver in a research report on Saturday, September 27th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. Scotiabank lowered their price objective on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $32.20.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.12 on Friday, hitting $39.07. 4,568,323 shares of the company traded hands, compared to its average volume of 7,540,526. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 0.63 and a beta of 0.63. 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 business's 50 day moving average price is $33.69 and its 200-day moving average price is $28.99. Pan American Silver has a 52-week low of $19.80 and a 52-week high of $40.34.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share 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 return on equity of 11.49% and a net margin of 16.80%.Pan American Silver's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Equities analysts expect that Pan American Silver will post 1.26 earnings per share for the current year.

Institutional Trading of Pan American Silver

Large investors have recently modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Pan American Silver in the first quarter valued at approximately $222,000. D.A. Davidson & CO. acquired a new position in shares of Pan American Silver in the 1st quarter valued at $358,000. Intech Investment Management LLC grew its position in Pan American Silver by 189.0% during the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company's stock worth $2,788,000 after purchasing an additional 70,593 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Pan American Silver during the 2nd quarter worth about $736,000. Finally, Southland Equity Partners LLC acquired a new stake in Pan American Silver during the 1st quarter worth about $300,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

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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