Pan American Silver Corp. (PAAS) Stock Rating Upgraded by B. Riley

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $21.00 target price on the basic materials company’s stock. B. Riley’s price objective would suggest a potential upside of 43.64% from the company’s previous close. B. Riley also issued estimates for Pan American Silver Corp.’s Q4 2017 earnings at $0.22 EPS and FY2017 earnings at $0.66 EPS.

Several other analysts have also issued reports on PAAS. Zacks Investment Research lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. TheStreet lowered Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research note on Friday, July 28th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada set a $22.00 target price on Pan American Silver Corp. and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $22.00 target price on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.90.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded down $0.42 on Thursday, hitting $14.62. The company’s stock had a trading volume of 3,974,200 shares, compared to its average volume of 1,512,175. The company has a market capitalization of $2,239.33, a price-to-earnings ratio of 30.46, a PEG ratio of 7.38 and a beta of 0.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 3.78. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. Pan American Silver Corp. had a return on equity of 5.16% and a net margin of 12.23%. The business’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. equities analysts forecast that Pan American Silver Corp. will post 0.5 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL increased its stake in Pan American Silver Corp. by 1.7% in the 2nd quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock worth $1,187,000 after acquiring an additional 1,208 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Pan American Silver Corp. by 452.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after acquiring an additional 353,037 shares during the last quarter. Shell Asset Management Co. increased its stake in Pan American Silver Corp. by 148.3% in the 3rd quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 22,186 shares during the last quarter. AJO LP bought a new position in Pan American Silver Corp. in the 2nd quarter worth about $12,239,000. Finally, Adirondack Research & Management Inc. increased its stake in Pan American Silver Corp. by 35.0% in the 2nd quarter. Adirondack Research & Management Inc. now owns 160,700 shares of the basic materials company’s stock worth $2,703,000 after acquiring an additional 41,700 shares during the last quarter. Institutional investors and hedge funds own 53.75% of the company’s stock.

About Pan American Silver Corp.

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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