ValuEngine downgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research report report published on Saturday morning, ValuEngine reports.

Several other brokerages also recently commented on PAAS. BidaskClub downgraded Pan American Silver from a buy rating to a hold rating in a research note on Saturday, September 7th. National Bank Financial upgraded Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 target price on the stock in a research note on Friday, August 30th. Zacks Investment Research upgraded Pan American Silver from a hold rating to a buy rating and set a $21.00 target price on the stock in a research note on Thursday, August 29th. B. Riley increased their target price on Pan American Silver from $13.40 to $23.20 and gave the company a neutral rating in a research note on Monday, September 9th. Finally, TD Securities raised their price target on Pan American Silver from $20.00 to $22.00 and gave the stock a buy rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Pan American Silver presently has a consensus rating of Buy and an average price target of $21.18.

Shares of PAAS opened at $17.02 on Friday. The business’s fifty day simple moving average is $17.17 and its two-hundred day simple moving average is $13.79. The company has a current ratio of 4.08, a quick ratio of 2.98 and a debt-to-equity ratio of 0.15. Pan American Silver has a 12 month low of $10.26 and a 12 month high of $19.48. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 43.64, a P/E/G ratio of 9.44 and a beta of 0.07.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $320.98 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 30.7% compared to the same quarter last year. As a group, research analysts forecast that Pan American Silver will post 0.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.062 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.46%. Pan American Silver’s dividend payout ratio (DPR) is currently 35.90%.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Pan American Silver in the 1st quarter worth $106,000. Cetera Advisor Networks LLC purchased a new position in shares of Pan American Silver in the 1st quarter worth $135,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Pan American Silver in the 1st quarter worth $136,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pan American Silver by 19.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,300 shares of the basic materials company’s stock worth $163,000 after buying an additional 2,039 shares during the last quarter. Finally, Comerica Bank purchased a new position in shares of Pan American Silver in the 2nd quarter worth $166,000. Hedge funds and other institutional investors own 50.62% of the company’s stock.

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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