Pan American Silver (NASDAQ:PAAS) Downgraded by ValuEngine to Hold

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.

A number of other research analysts have also issued reports on the stock. TD Securities boosted their target price on shares of Pan American Silver from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BidaskClub raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.54.

Pan American Silver stock traded down $0.49 during midday trading on Friday, reaching $16.50. 3,069,092 shares of the stock traded hands, compared to its average volume of 2,537,239. The company has a current ratio of 4.08, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $14.97 and a two-hundred day moving average price of $13.30. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 13.31 and a beta of 0.14. Pan American Silver has a fifty-two week low of $10.26 and a fifty-two week high of $17.49.



Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $320.98 million. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. Pan American Silver’s revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Analysts anticipate that Pan American Silver will post 0.32 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in shares of Pan American Silver during the 1st quarter worth about $80,000. NumerixS Investment Technologies Inc bought a new stake in shares of Pan American Silver during the 1st quarter worth about $106,000. Investors Research Corp bought a new stake in shares of Pan American Silver during the 1st quarter worth about $131,000. Cetera Advisor Networks LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth about $135,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth about $136,000. Institutional investors own 54.93% of the company’s stock.

About Pan American Silver

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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