ValuEngine lowered shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research report released on Thursday.

Several other equities research analysts also recently weighed in on PAAS. Zacks Investment Research downgraded Pan American Silver from a buy rating to a hold rating in a report on Thursday. BidaskClub raised Pan American Silver from a sell rating to a hold rating in a report on Saturday, December 8th. Canaccord Genuity reissued a buy rating and set a $25.00 price objective on shares of Pan American Silver in a report on Tuesday, January 8th. Royal Bank of Canada lowered Pan American Silver from an outperform rating to a sector perform rating and lowered their target price for the stock from $19.00 to $17.00 in a research report on Thursday, November 15th. Finally, Bank of America lowered Pan American Silver from a neutral rating to an underperform rating and lowered their target price for the stock from $16.70 to $12.75 in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $18.72.

NASDAQ PAAS opened at $15.00 on Thursday. Pan American Silver has a twelve month low of $12.12 and a twelve month high of $18.75. The firm has a market cap of $2.37 billion, a P/E ratio of 29.41, a PEG ratio of 6.49 and a beta of -0.07.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). Pan American Silver had a net margin of 14.75% and a return on equity of 5.15%. The firm had revenue of $187.70 million for the quarter, compared to analyst estimates of $193.93 million. During the same period last year, the business earned $0.15 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Pan American Silver will post 0.43 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Pan American Silver by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 753,267 shares of the basic materials company’s stock worth $13,483,000 after acquiring an additional 3,296 shares in the last quarter. Oppenheimer & Close LLC raised its position in shares of Pan American Silver by 16.1% in the 3rd quarter. Oppenheimer & Close LLC now owns 34,886 shares of the basic materials company’s stock worth $514,000 after acquiring an additional 4,846 shares in the last quarter. Swiss National Bank raised its position in shares of Pan American Silver by 2.5% in the 3rd quarter. Swiss National Bank now owns 275,500 shares of the basic materials company’s stock worth $4,046,000 after acquiring an additional 6,600 shares in the last quarter. Aperio Group LLC raised its position in shares of Pan American Silver by 4.5% in the 3rd quarter. Aperio Group LLC now owns 175,585 shares of the basic materials company’s stock worth $2,592,000 after acquiring an additional 7,576 shares in the last quarter. Finally, Fore Capital LLC bought a new position in shares of Pan American Silver in the 3rd quarter worth about $148,000. 51.25% of the stock is owned by institutional investors and hedge funds.

About Pan American Silver

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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