Pan American Silver (NYSE:PAAS) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded Pan American Silver (PAAS) from a "buy" to a "strong-buy," signaling heightened analyst confidence in the stock.
• Quarterly beat: PAAS reported $1.11 EPS vs. $0.90 expected and $1.18B revenue vs. $1.11B expected, with revenue up 44.7% year‑over‑year.
• The stock holds a consensus "Moderate Buy" (six Buy, three Hold) with an average price target of $59.67, and has a market cap of about $21.8B and a PE ratio near 20.7.

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

Several other research analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $75.00 price target on shares of Pan American Silver in a research report on Tuesday. Scotiabank increased their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.67.

Pan American Silver Stock Down 0.9%

PAAS opened at $51.80 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver has a 1-year low of $22.08 and a 1-year high of $69.99. The company has a market capitalization of $21.83 billion, a PE ratio of 20.72, a PEG ratio of 0.43 and a beta of 0.65. The firm's 50 day simple moving average is $57.08 and its two-hundred day simple moving average is $51.21.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.35 earnings per share. The company's quarterly revenue was up 44.7% on a year-over-year basis. As a group, equities analysts forecast that Pan American Silver will post 4.41 EPS for the current year.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Parallel Advisors LLC grew its stake in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pan American Silver during the fourth quarter valued at $34,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the fourth quarter valued at $41,000. Finally, Harbor Investment Advisory LLC purchased a new position in Pan American Silver during the first quarter valued at $44,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

About Pan American Silver

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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