TheStreet Upgrades Pan American Silver (NASDAQ:PAAS) to “B”

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TheStreet upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a c rating to a b rating in a report issued on Thursday morning, TheStreetRatingsTable reports.

PAAS has been the subject of several other reports. National Bank Financial raised shares of Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 target price for the company in a research note on Friday, August 30th. ValuEngine raised shares of Pan American Silver from a hold rating to a buy rating in a research note on Tuesday, September 24th. Zacks Investment Research cut shares of Pan American Silver from a buy rating to a hold rating in a research note on Thursday, October 24th. BidaskClub cut shares of Pan American Silver from a buy rating to a hold rating in a research note on Friday. Finally, B. Riley lowered their price objective on shares of Pan American Silver from $23.20 to $19.00 and set a neutral rating for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $20.66.

Shares of PAAS stock traded up $0.14 during midday trading on Thursday, reaching $17.53. 3,644,400 shares of the company traded hands, compared to its average volume of 2,734,633. The firm has a market cap of $3.48 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 12.57 and a beta of 0.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.08 and a quick ratio of 2.98. Pan American Silver has a 1-year low of $10.26 and a 1-year high of $19.48. The firm’s 50 day simple moving average is $16.46 and its two-hundred day simple moving average is $14.65.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.25. The firm had revenue of $352.19 million during the quarter, compared to analysts’ expectations of $324.87 million. Pan American Silver had a negative net margin of 2.39% and a positive return on equity of 0.56%. Pan American Silver’s revenue for the quarter was up 87.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. As a group, research analysts anticipate that Pan American Silver will post 0.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.035 per share. The ex-dividend date is Friday, November 15th. This represents a $0.14 annualized dividend and a dividend yield of 0.80%. Pan American Silver’s dividend payout ratio is presently 35.90%.

Several hedge funds and other institutional investors have recently made changes to their positions in PAAS. Polunin Capital Partners Ltd purchased a new stake in shares of Pan American Silver during the 2nd quarter valued at $33,586,000. Renaissance Technologies LLC lifted its holdings in shares of Pan American Silver by 21.1% during the 2nd quarter. Renaissance Technologies LLC now owns 8,805,213 shares of the basic materials company’s stock valued at $113,678,000 after acquiring an additional 1,533,595 shares in the last quarter. Sloane Robinson LLP acquired a new position in shares of Pan American Silver during the 3rd quarter valued at $16,905,000. Investec Asset Management LTD lifted its holdings in shares of Pan American Silver by 22.8% during the 2nd quarter. Investec Asset Management LTD now owns 4,470,052 shares of the basic materials company’s stock valued at $57,708,000 after acquiring an additional 829,417 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Pan American Silver by 10.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,495,778 shares of the basic materials company’s stock valued at $70,950,000 after acquiring an additional 538,363 shares in the last quarter. 50.66% of the stock is owned by institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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