Pan American Silver (NYSE:PAAS) Rating Lowered to Hold at TD Cowen

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Briefing.com reports.

Several other research firms have also recently commented on PAAS. Royal Bank Of Canada lowered their target price on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Stock Performance

PAAS stock opened at $41.22 on Monday. The stock has a 50-day moving average price of $45.90 and a 200-day moving average price of $51.43. Pan American Silver has a 1-year low of $33.62 and a 1-year high of $69.99. The company has a current ratio of 2.72, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. The firm has a market cap of $17.00 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 4.62 and a beta of 0.76.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Pan American Silver had a return on equity of 20.94% and a net margin of 35.18%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts expect that Pan American Silver will post 3.34 earnings per share for the current year.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new position in Pan American Silver during the 3rd quarter valued at $206,000. Leuthold Group LLC grew its stake in shares of Pan American Silver by 10.9% in the 3rd quarter. Leuthold Group LLC now owns 66,528 shares of the basic materials company’s stock worth $3,028,000 after acquiring an additional 6,522 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of Pan American Silver in the 3rd quarter worth $1,068,000. Abbington Investment Group grew its stake in shares of Pan American Silver by 8.3% in the 3rd quarter. Abbington Investment Group now owns 13,449 shares of the basic materials company’s stock worth $612,000 after acquiring an additional 1,032 shares in the last quarter. Finally, StoneX Group Inc. raised its holdings in shares of Pan American Silver by 7.6% in the third quarter. StoneX Group Inc. now owns 28,851 shares of the basic materials company’s stock valued at $1,320,000 after purchasing an additional 2,040 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.