Pan American Silver Corp. (PAAS) Downgraded by TheStreet to “C+”

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a report released on Friday, July 28th.

Several other research firms also recently commented on PAAS. Zacks Investment Research downgraded Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets reiterated a “hold” rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a report on Thursday, June 29th. Credit Suisse Group reiterated a “neutral” rating on shares of Pan American Silver Corp. in a report on Tuesday, April 18th. Royal Bank Of Canada reiterated a “buy” rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a report on Tuesday, May 30th. Finally, TD Securities reiterated a “buy” rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Pan American Silver Corp. has a consensus rating of “Hold” and an average target price of $20.61.

Shares of Pan American Silver Corp. (PAAS) opened at 17.52 on Friday. The stock has a 50 day moving average price of $16.62 and a 200 day moving average price of $17.45. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29. The firm has a market cap of $2.68 billion, a PE ratio of 22.40 and a beta of 0.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Equities analysts expect that Pan American Silver Corp. will post $0.54 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in PAAS. Comerica Bank increased its position in shares of Pan American Silver Corp. by 7.9% in the fourth quarter. Comerica Bank now owns 18,724 shares of the basic materials company’s stock worth $327,000 after buying an additional 1,365 shares in the last quarter. Russell Investments Group Ltd. increased its position in Pan American Silver Corp. by 149.4% in the first quarter. Russell Investments Group Ltd. now owns 293,362 shares of the basic materials company’s stock worth $5,101,000 after buying an additional 175,744 shares during the period. SG Americas Securities LLC purchased a new position in Pan American Silver Corp. during the first quarter worth $164,000. Wells Fargo & Company MN increased its position in Pan American Silver Corp. by 51.6% in the first quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock worth $8,726,000 after buying an additional 169,511 shares during the period. Finally, Swiss National Bank increased its position in Pan American Silver Corp. by 1.0% in the first quarter. Swiss National Bank now owns 254,600 shares of the basic materials company’s stock worth $4,457,000 after buying an additional 2,600 shares during the period. Institutional investors own 49.91% 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.

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