Pan American Silver Corp. (NASDAQ:PAAS) Given Average Recommendation of “Hold” by Brokerages

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has been given an average rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.54.

Several research firms have weighed in on PAAS. ValuEngine cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, July 11th. BidaskClub upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, July 19th. Finally, TD Securities boosted their price target on shares of Pan American Silver from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday.

Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pan American Silver by 6.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,100 shares of the basic materials company’s stock valued at $170,000 after acquiring an additional 800 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Pan American Silver by 7.4% in the 2nd quarter. Wedbush Securities Inc. now owns 14,598 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 1,000 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Pan American Silver by 8.2% in the 2nd quarter. Confluence Investment Management LLC now owns 14,571 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 1,109 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Pan American Silver by 5.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 26,130 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Bennicas & Associates Inc. lifted its stake in shares of Pan American Silver by 1.5% in the 1st quarter. Bennicas & Associates Inc. now owns 107,832 shares of the basic materials company’s stock valued at $1,429,000 after purchasing an additional 1,615 shares during the last quarter. Institutional investors and hedge funds own 54.24% of the company’s stock.

NASDAQ PAAS traded down $0.25 on Tuesday, hitting $17.06. 2,239,759 shares of the stock were exchanged, compared to its average volume of 4,472,627. Pan American Silver has a 52-week low of $10.26 and a 52-week high of $17.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74. The company has a market cap of $3.63 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 13.78 and a beta of 0.14. The business’s 50-day moving average price is $14.41.

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

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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