Wall Street Zen Upgrades Pan American Silver (NYSE:PAAS) to “Buy”

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Other research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday. Bank of America upped their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. CIBC raised their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, Scotiabank upped their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Pan American Silver Stock Up 4.5%

PAAS stock opened at $64.50 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The firm has a market capitalization of $27.21 billion, a P/E ratio of 37.28, a P/E/G ratio of 0.41 and a beta of 0.67. Pan American Silver has a 52-week low of $20.55 and a 52-week high of $65.38. The company’s 50 day simple moving average is $49.74 and its 200-day simple moving average is $39.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same period in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Institutional Trading of Pan American Silver

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the last quarter. Rothschild Investment LLC bought a new stake in Pan American Silver in the third quarter worth $36,000. Trust Co. of Vermont acquired a new position in Pan American Silver during the fourth quarter worth $48,000. City State Bank raised its holdings in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.