Pan American Silver Corp. (NASDAQ:PAAS) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in a research report sent to investors on Thursday, June 29th. The brokerage currently has a $17.50 price target on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on PAAS. FBR & Co upped their price objective on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the company a mkt perform rating in a report on Friday, May 12th. Zacks Investment Research lowered shares of Pan American Silver Corp. from a buy rating to a hold rating in a research note on Friday, May 12th. CSFB began coverage on shares of Pan American Silver Corp. in a research note on Thursday, April 13th. They issued a neutral rating for the company. Royal Bank Of Canada reissued a buy rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a research note on Tuesday, May 30th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of Pan American Silver Corp. in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $19.83.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 2.37% on Thursday, reaching $16.87. The company had a trading volume of 1,046,187 shares. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.59. The company has a market capitalization of $2.58 billion, a PE ratio of 21.82 and a beta of 0.28. The company’s 50-day moving average is $16.56 and its 200-day moving average is $17.58.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a return on equity of 6.13% and a net margin of 14.56%. The firm had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $179.02 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 25.5% on a year-over-year basis. Equities research analysts predict that Pan American Silver Corp. will post $0.47 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in Pan American Silver Corp. by 22.6% in the first quarter. Van ECK Associates Corp now owns 11,133,183 shares of the basic materials company’s stock valued at $195,053,000 after buying an additional 2,052,474 shares during the period. Westpac Banking Corp raised its position in Pan American Silver Corp. by 8.5% in the first quarter. Westpac Banking Corp now owns 6,498,934 shares of the basic materials company’s stock valued at $113,861,000 after buying an additional 506,413 shares during the period. FMR LLC raised its position in Pan American Silver Corp. by 2.2% in the first quarter. FMR LLC now owns 3,539,837 shares of the basic materials company’s stock valued at $62,018,000 after buying an additional 74,700 shares during the period. Investec Asset Management LTD raised its position in Pan American Silver Corp. by 11.2% in the first quarter. Investec Asset Management LTD now owns 3,050,213 shares of the basic materials company’s stock valued at $53,440,000 after buying an additional 308,401 shares during the period. Finally, Vanguard Group Inc. raised its position in Pan American Silver Corp. by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,738,973 shares of the basic materials company’s stock valued at $47,986,000 after buying an additional 91,617 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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