Pan American Silver (NYSE:PAAS) Given New $32.00 Price Target at Scotiabank

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS had its price objective upped by stock analysts at Scotiabank from $28.50 to $32.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "sector outperform" rating on the basic materials company's stock. Scotiabank's price target would suggest a potential upside of 17.65% from the company's current price.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $28.50.

Pan American Silver Trading Down 2.9 %

NYSE PAAS traded down $0.82 during trading on Monday, hitting $27.20. The stock had a trading volume of 3,654,412 shares, compared to its average volume of 3,698,337. The stock has a 50 day simple moving average of $25.05 and a 200 day simple moving average of $23.27. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 85.00 and a beta of 1.06. 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 has a one year low of $17.86 and a one year high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Sell-side analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after acquiring an additional 451 shares during the period. US Bancorp DE boosted its stake in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after buying an additional 539 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the period. Principal Securities Inc. raised its holdings in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after acquiring an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Pan American Silver by 2.4% during the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after acquiring an additional 715 shares in the last quarter. Institutional investors and hedge funds 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.