Pan American Silver (NYSE:PAAS) Stock Rating Upgraded by Wall Street Zen

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts have also recently weighed in on the company. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Bank of America increased their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. Scotiabank lifted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Trading Up 6.2%

Shares of NYSE PAAS opened at $57.97 on Friday. Pan American Silver has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a 50-day moving average of $54.90 and a two-hundred day moving average of $42.85. The company has a market cap of $24.46 billion, a PE ratio of 33.51, a P/E/G ratio of 0.58 and a beta of 0.66. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Institutional Trading of Pan American Silver

A number of large investors have recently made changes to their positions in PAAS. Parallel Advisors LLC grew its stake in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the 4th quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $36,000. City State Bank grew its position in shares of Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.