Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. TheStreet lowered shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. FBR & Co raised their price target on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the company a “mkt perform” rating in a research report on Friday, May 12th. CSFB began coverage on shares of Pan American Silver Corp. in a research report on Thursday, April 13th. They set a “neutral” rating on the stock. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $19.83.

Pan American Silver Corp. (NASDAQ:PAAS) traded up 10.21% during midday trading on Thursday, hitting $17.59. 1,289,258 shares of the company traded hands. The stock’s 50-day moving average price is $16.49 and its 200 day moving average price is $17.50. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 22.76 and a beta of 0.29. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.59.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.56% and a return on equity of 6.13%. The firm had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. During the same period last year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Pan American Silver Corp. will post $0.45 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Pan American Silver Corp. by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after buying an additional 990 shares during the last quarter. Bennicas & Associates Inc. increased its stake in Pan American Silver Corp. by 1.3% in the first quarter. Bennicas & Associates Inc. now owns 79,450 shares of the basic materials company’s stock worth $1,392,000 after buying an additional 1,000 shares during the period. WFG Advisors LP increased its stake in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock worth $283,000 after buying an additional 1,020 shares during the period. Blair William & Co. IL increased its stake in Pan American Silver Corp. by 1.7% in the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock worth $1,187,000 after buying an additional 1,208 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Pan American Silver Corp. by 5.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 46,889 shares of the basic materials company’s stock worth $794,000 after buying an additional 2,369 shares during the period. 49.98% of the stock is currently owned by institutional investors.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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