Pan American Silver (PAAS) Downgraded by BidaskClub to “Strong Sell”

BidaskClub downgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Several other analysts have also recently commented on PAAS. Canaccord Genuity reiterated a buy rating and issued a $21.00 price objective on shares of Pan American Silver in a research note on Friday, February 22nd. TheStreet cut shares of Pan American Silver from a b- rating to a c rating in a research note on Friday, February 22nd. B. Riley reiterated a neutral rating and issued a $12.50 price objective (down previously from $22.00) on shares of Pan American Silver in a research note on Friday, March 1st. Zacks Investment Research cut shares of Pan American Silver from a hold rating to a sell rating in a research note on Saturday, March 2nd. Finally, National Bank Financial initiated coverage on shares of Pan American Silver in a research note on Tuesday, March 26th. They issued a sector perform rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $16.97.

PAAS stock opened at $11.37 on Tuesday. Pan American Silver has a one year low of $11.29 and a one year high of $18.67. The firm has a market capitalization of $1.79 billion, a PE ratio of 48.67, a PEG ratio of 12.92 and a beta of -0.15. The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15.



Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The company had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $240.67 million. During the same quarter last year, the business earned $0.20 EPS. The business’s revenue was up 12.4% on a year-over-year basis. As a group, research analysts expect that Pan American Silver will post 0.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Monday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is 35.90%.

Several hedge funds and other institutional investors have recently made changes to their positions in PAAS. Frontier Capital Management Co. LLC purchased a new position in Pan American Silver during the 1st quarter valued at about $35,232,000. Norges Bank purchased a new position in Pan American Silver during the 4th quarter valued at about $25,283,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Pan American Silver by 129.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,850,469 shares of the basic materials company’s stock valued at $41,616,000 after acquiring an additional 1,606,978 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Pan American Silver by 174.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,503,314 shares of the basic materials company’s stock valued at $36,548,000 after acquiring an additional 1,592,198 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Pan American Silver by 84.1% during the 4th quarter. Deutsche Bank AG now owns 2,421,835 shares of the basic materials company’s stock valued at $35,358,000 after acquiring an additional 1,106,093 shares in the last quarter. Hedge funds and other institutional investors own 55.92% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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