Pan American Silver Corp. (PAAS) Given Average Recommendation of “Buy” by Brokerages

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has received a consensus rating of “Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.81.

Several analysts have issued reports on the stock. B. Riley upgraded shares of Pan American Silver from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Thursday, November 9th. BMO Capital Markets set a $21.00 price target on shares of Pan American Silver and gave the stock a “buy” rating in a research report on Thursday, November 23rd. Royal Bank of Canada set a $23.00 price target on shares of Pan American Silver and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Raymond James Financial upgraded shares of Pan American Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday.

Pan American Silver (NASDAQ PAAS) traded down $0.09 during trading hours on Monday, reaching $15.59. 772,300 shares of the company were exchanged, compared to its average volume of 1,364,750. Pan American Silver has a 1-year low of $13.99 and a 1-year high of $21.29. The firm has a market cap of $2,410.00, a price-to-earnings ratio of 25.56, a PEG ratio of 6.61 and a beta of 0.09.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The business had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. During the same period last year, the business posted $0.24 EPS. Pan American Silver’s revenue was down 18.3% compared to the same quarter last year. equities research analysts forecast that Pan American Silver will post 0.49 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Pan American Silver by 1.6% during the 2nd 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 period. Advisor Group Inc. lifted its holdings in shares of Pan American Silver by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock worth $362,000 after acquiring an additional 800 shares during the period. National Asset Management Inc. lifted its holdings in shares of Pan American Silver by 4.3% during the 2nd 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 period. Legal & General Group Plc lifted its holdings in shares of Pan American Silver by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after acquiring an additional 990 shares during the period. Finally, Cheviot Value Management LLC lifted its holdings in shares of Pan American Silver by 0.8% during the 2nd quarter. Cheviot Value Management LLC now owns 239,898 shares of the basic materials company’s stock worth $4,035,000 after acquiring an additional 1,900 shares during the period. 53.89% of the stock is owned by institutional investors.

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About Pan American Silver

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 (NASDAQ:PAAS)

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