Pan American Silver (NASDAQ:PAAS) Raised to B at TheStreet

TheStreet upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a c rating to a b rating in a research note released on Thursday morning, TheStreetRatingsTable reports.

PAAS has been the topic of a number of other reports. BidaskClub lowered shares of Pan American Silver from a buy rating to a hold rating in a report on Friday. Royal Bank of Canada upgraded shares of Pan American Silver from a sector perform rating to an outperform rating and raised their price objective for the stock from $17.00 to $23.00 in a report on Thursday, September 5th. TD Securities raised their price objective on shares of Pan American Silver from $20.00 to $22.00 and gave the stock a buy rating in a report on Friday, August 9th. B. Riley dropped their price objective on shares of Pan American Silver from $23.20 to $19.00 and set a neutral rating on the stock in a report on Monday, October 21st. Finally, National Bank Financial upgraded shares of Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 price objective on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Pan American Silver currently has an average rating of Buy and an average price target of $20.66.

NASDAQ:PAAS traded up $0.14 during mid-day trading on Thursday, hitting $17.53. The company’s stock had a trading volume of 3,644,400 shares, compared to its average volume of 2,734,633. The stock has a fifty day moving average of $16.46 and a 200-day moving average of $14.65. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 44.95, a P/E/G ratio of 12.57 and a beta of 0.03. Pan American Silver has a fifty-two week low of $10.26 and a fifty-two week high of $19.48. The company has a current ratio of 4.08, a quick ratio of 2.98 and a debt-to-equity ratio of 0.15.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The company had revenue of $352.19 million for the quarter, compared to analysts’ expectations of $324.87 million. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. The business’s quarterly revenue was up 87.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities analysts anticipate that Pan American Silver will post 0.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.035 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.14 annualized dividend and a yield of 0.80%. Pan American Silver’s payout ratio is currently 35.90%.

Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its holdings in Pan American Silver by 105.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 765,988 shares of the basic materials company’s stock worth $10,150,000 after buying an additional 393,988 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Pan American Silver in the second quarter worth about $3,762,000. Exane Derivatives increased its stake in shares of Pan American Silver by 9.7% in the second quarter. Exane Derivatives now owns 23,528 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 2,081 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of Pan American Silver in the second quarter worth about $194,000. Finally, Foundry Partners LLC increased its stake in shares of Pan American Silver by 7.4% in the second quarter. Foundry Partners LLC now owns 764,429 shares of the basic materials company’s stock worth $9,869,000 after purchasing an additional 52,913 shares in the last quarter. Hedge funds and other institutional investors own 50.66% 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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