Vetr upgraded shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) from a hold rating to a buy rating in a report released on Thursday. Vetr currently has $20.50 price target on the stock.

A number of other analysts have also recently commented on PAAS. Canaccord Genuity initiated coverage on Pan American Silver Corp. in a research report on Tuesday, October 25th. They set a hold rating and a $17.50 price objective for the company. Zacks Investment Research cut Pan American Silver Corp. from a buy rating to a hold rating in a research report on Thursday, November 3rd. BMO Capital Markets upgraded Pan American Silver Corp. from a market perform rating to an outperform rating and upped their price objective for the company from $24.00 to $28.00 in a research report on Wednesday, November 16th. TD Securities reiterated a hold rating and set a $19.00 price objective (up previously from $18.50) on shares of Pan American Silver Corp. in a research report on Saturday, November 19th. Finally, Bank of America Corporation upgraded Pan American Silver Corp. from an underperform rating to a buy rating in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $19.89.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) opened at 19.58 on Thursday. The company’s 50 day moving average price is $18.61 and its 200-day moving average price is $17.60. Pan American Silver Corp. has a one year low of $9.07 and a one year high of $21.59. The stock has a market capitalization of $2.98 billion, a PE ratio of 29.76 and a beta of 0.55.

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The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Monday, February 27th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, February 23rd. This is a positive change from Pan American Silver Corp.’s previous quarterly dividend of $0.01. Pan American Silver Corp.’s payout ratio is currently -13.51%.

Hedge funds have recently added to or reduced their stakes in the stock. Global X Management Co. LLC raised its stake in Pan American Silver Corp. by 142.2% in the second quarter. Global X Management Co. LLC now owns 2,484,344 shares of the company’s stock valued at $40,863,000 after buying an additional 1,458,597 shares in the last quarter. Morgan Stanley raised its stake in Pan American Silver Corp. by 106.5% in the third quarter. Morgan Stanley now owns 1,509,802 shares of the company’s stock valued at $26,603,000 after buying an additional 778,620 shares in the last quarter. Prince Street Capital Management LLC bought a new stake in Pan American Silver Corp. during the third quarter valued at about $10,202,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Pan American Silver Corp. by 6.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,581,190 shares of the company’s stock valued at $150,828,000 after buying an additional 534,408 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Pan American Silver Corp. by 55.2% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,208,400 shares of the company’s stock valued at $27,914,000 after buying an additional 429,800 shares in the last quarter. 46.26% of the stock is owned by institutional investors and hedge funds.

About Pan American Silver Corp.

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

5 Day Chart for NASDAQ:PAAS

To view Vetr’s full report, visit Vetr’s official website.

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