Pan American Silver (PAAS) Upgraded at BidaskClub

BidaskClub upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a sell rating to a hold rating in a research note issued to investors on Thursday morning.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Pan American Silver from a sell rating to a hold rating in a research report on Tuesday. ValuEngine upgraded Pan American Silver from a sell rating to a hold rating in a research report on Thursday, October 4th. Royal Bank of Canada downgraded Pan American Silver from an outperform rating to a sector perform rating and reduced their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, November 15th. Bank of America downgraded Pan American Silver from a neutral rating to an underperform rating and reduced their price objective for the stock from $16.70 to $12.75 in a research report on Monday. Finally, TD Securities set a $23.00 price objective on Pan American Silver and gave the stock a buy rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $18.42.

PAAS traded down $0.60 during midday trading on Thursday, reaching $13.16. The company’s stock had a trading volume of 84,452 shares, compared to its average volume of 2,427,234. The firm has a market capitalization of $2.11 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 6.83 and a beta of 0.21. Pan American Silver has a twelve month low of $12.12 and a twelve month high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.10). The business had revenue of $187.70 million during the quarter, compared to analyst estimates of $193.93 million. Pan American Silver had a net margin of 14.75% and a return on equity of 5.15%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. As a group, equities research analysts expect that Pan American Silver will post 0.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 19th will be given a $0.035 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.06%. Pan American Silver’s dividend payout ratio is currently 27.45%.

Several institutional investors have recently bought and sold shares of the stock. Morgan Stanley lifted its position in shares of Pan American Silver by 143.0% during the 3rd quarter. Morgan Stanley now owns 2,741,507 shares of the basic materials company’s stock worth $40,465,000 after buying an additional 1,613,344 shares during the period. Neuberger Berman Group LLC bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $166,000. HRT Financial LLC bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $151,000. Man Group plc bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $646,000. Finally, Fore Capital LLC bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 50.72% of the company’s stock.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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