Pan American Silver (PAAS) Upgraded by BidaskClub to Hold

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Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on PAAS. Zacks Investment Research cut Pan American Silver from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Bank of America cut Pan American Silver from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $16.70 to $12.75 in a report on Monday, November 19th. Deutsche Bank set a $18.00 price objective on Pan American Silver and gave the stock a “hold” rating in a report on Tuesday, October 2nd. ValuEngine cut Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. Finally, Royal Bank of Canada cut Pan American Silver from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $19.00 to $17.00 in a report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Pan American Silver presently has an average rating of “Hold” and an average target price of $18.09.

Shares of NASDAQ:PAAS opened at $13.84 on Friday. Pan American Silver has a 12-month low of $12.12 and a 12-month high of $18.75. The company has a market cap of $2.03 billion, a PE ratio of 27.14, a PEG ratio of 7.47 and a beta of 0.18.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The firm had revenue of $187.70 million for the quarter, compared to the consensus estimate of $193.93 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver will post 0.44 EPS for the current year.

Several hedge funds have recently modified their holdings of PAAS. Fore Capital LLC bought a new stake in shares of Pan American Silver in the third quarter valued at approximately $148,000. HRT Financial LLC bought a new stake in shares of Pan American Silver in the third quarter valued at approximately $151,000. Neuberger Berman Group LLC bought a new stake in shares of Pan American Silver in the third quarter valued at approximately $166,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Pan American Silver in the third quarter valued at approximately $223,000. Finally, Lincoln National Corp bought a new stake in shares of Pan American Silver in the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 51.25% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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