Royal Bank Of Canada set a $23.00 price objective on Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in a research report released on Tuesday morning. The firm currently has a buy rating on the basic materials company’s stock.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a sell rating to a hold rating in a research note on Tuesday, July 25th. Raymond James Financial, Inc. cut shares of Pan American Silver Corp. from an outperform rating to a market perform rating and set a $20.50 price objective for the company. in a research note on Friday, September 8th. BMO Capital Markets reiterated a hold rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. UBS AG cut shares of Pan American Silver Corp. from an outperform rating to a market perform rating in a research note on Thursday, September 7th. Finally, Canaccord Genuity reiterated a buy rating and issued a $22.00 price objective on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $20.89.

Shares of Pan American Silver Corp. (PAAS) traded up 0.18% on Tuesday, hitting $17.05. 152,312 shares of the company’s stock were exchanged. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29. The company’s 50-day moving average price is $17.65 and its 200 day moving average price is $17.26. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 21.80 and a beta of 0.14.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Pan American Silver Corp. will post $0.56 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in Pan American Silver Corp. during the second quarter worth about $259,000. National Asset Management Inc. raised its position in Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 850 shares during the last quarter. Bank of Nova Scotia raised its position in Pan American Silver Corp. by 102.1% during the second quarter. Bank of Nova Scotia now owns 43,055 shares of the basic materials company’s stock worth $724,000 after acquiring an additional 21,750 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Pan American Silver Corp. by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock worth $713,000 after acquiring an additional 679 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Pan American Silver Corp. by 1,091.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 7,934 shares during the last quarter. Institutional investors own 53.88% of the company’s stock.

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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