According to Zacks, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers. “
Several other equities research analysts also recently issued reports on PAAS. BidaskClub downgraded Pan American Silver from a sell rating to a strong sell rating in a research report on Thursday, April 4th. Deutsche Bank upgraded shares of Pan American Silver from a hold rating to a buy rating and reduced their target price for the company from $17.50 to $15.50 in a research note on Wednesday, April 10th. Canaccord Genuity reiterated a buy rating and issued a $21.00 target price on shares of Pan American Silver in a research note on Friday, February 22nd. TheStreet cut shares of Pan American Silver from a b- rating to a c rating in a research note on Friday, February 22nd. Finally, ValuEngine cut shares of Pan American Silver from a buy rating to a hold rating in a research note on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $16.97.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 20th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The business had revenue of $173.40 million during the quarter, compared to analyst estimates of $179.03 million. Pan American Silver had a net margin of 1.38% and a return on equity of 3.80%. The company’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. Sell-side analysts predict that Pan American Silver will post 0.33 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAAS. Trust Co. of Vermont bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $29,000. Claybrook Capital LLC bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $33,000. PNC Financial Services Group Inc. lifted its stake in shares of Pan American Silver by 83.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,400 shares of the basic materials company’s stock valued at $64,000 after buying an additional 2,000 shares during the period. Clean Yield Group bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $110,000. Finally, Sciencast Management LP bought a new stake in shares of Pan American Silver in the first quarter valued at about $138,000. Institutional investors and hedge funds own 52.62% 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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