Pan American Silver (NASDAQ:PAAS) Price Target Raised to $22.00

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) had its price target increased by TD Securities from $20.00 to $22.00 in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other brokerages also recently commented on PAAS. Zacks Investment Research raised Pan American Silver from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Thursday, July 11th. BidaskClub raised Pan American Silver from a hold rating to a buy rating in a research report on Friday, July 19th. Finally, ValuEngine downgraded Pan American Silver from a buy rating to a hold rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Pan American Silver currently has an average rating of Hold and an average price target of $16.54.

NASDAQ:PAAS traded down $0.25 on Friday, reaching $17.06. 2,239,759 shares of the company’s stock were exchanged, compared to its average volume of 4,440,485. The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 43.74, a price-to-earnings-growth ratio of 13.51 and a beta of 0.14. The business has a fifty day simple moving average of $14.41. Pan American Silver has a 52-week low of $10.26 and a 52-week high of $17.48.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04. Pan American Silver had a positive return on equity of 0.60% and a negative net margin of 2.39%. The business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $320.98 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. As a group, research analysts anticipate that Pan American Silver will post 0.31 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in Pan American Silver in the first quarter valued at approximately $80,000. NumerixS Investment Technologies Inc acquired a new position in Pan American Silver in the first quarter valued at approximately $106,000. Investors Research Corp acquired a new position in Pan American Silver in the first quarter valued at approximately $131,000. Cetera Advisor Networks LLC acquired a new position in Pan American Silver in the first quarter valued at approximately $135,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Pan American Silver in the first quarter valued at approximately $136,000. 54.24% of the stock is owned by institutional investors and hedge funds.

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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