Pan American Silver (NASDAQ:PAAS) Upgraded by TheStreet to “B”

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

Other equities analysts have also issued research reports about the company. ValuEngine raised Pan American Silver from a hold rating to a buy rating in a report on Tuesday, September 24th. TD Securities increased their target price on Pan American Silver from $20.00 to $22.00 and gave the company a buy rating in a report on Friday, August 9th. BidaskClub lowered Pan American Silver from a buy rating to a hold rating in a report on Friday. Royal Bank of Canada raised Pan American Silver from a sector perform rating to an outperform rating and increased their target price for the company from $17.00 to $23.00 in a report on Thursday, September 5th. Finally, B. Riley dropped their target price on Pan American Silver from $23.20 to $19.00 and set a neutral rating on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Pan American Silver has a consensus rating of Buy and a consensus price target of $20.66.

PAAS traded up $0.14 during trading hours on Thursday, reaching $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 market cap of $3.48 billion, a PE ratio of 44.95, a P/E/G ratio of 12.57 and a beta of 0.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.08 and a quick ratio of 2.98. Pan American Silver has a fifty-two week low of $10.26 and a fifty-two week high of $19.48. The business’s 50-day moving average is $16.46 and its 200-day moving average is $14.65.

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

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

A number of large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 393,988 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Pan American Silver during the second quarter worth about $3,762,000. Exane Derivatives grew its holdings in shares of Pan American Silver by 9.7% during 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 during the last quarter. NEXT Financial Group Inc purchased a new position in shares of Pan American Silver during the second quarter worth about $194,000. Finally, Foundry Partners LLC grew its holdings in shares of Pan American Silver by 7.4% during 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 during the last quarter. 50.66% of the stock is currently owned by hedge funds and other institutional investors.

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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