Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

PAAS has been the topic of several other reports. FBR & Co boosted their price target on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a research report on Friday, May 12th. Royal Bank Of Canada boosted their price target on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, May 3rd. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Finally, TD Securities restated a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.61.

Pan American Silver Corp. (NASDAQ PAAS) opened at 17.52 on Friday. The firm’s 50-day moving average is $16.62 and its 200 day moving average is $17.45. The firm has a market capitalization of $2.68 billion, a P/E ratio of 22.40 and a beta of 0.29. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post $0.54 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Pan American Silver Corp. during the first quarter worth approximately $164,000. Alliancebernstein L.P. bought a new position in shares of Pan American Silver Corp. during the second quarter worth approximately $170,000. Sigma Planning Corp bought a new position in shares of Pan American Silver Corp. during the second quarter worth approximately $181,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Pan American Silver Corp. during the second quarter worth approximately $189,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Pan American Silver Corp. by 1,091.3% in the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after buying an additional 7,934 shares during the period. Institutional investors and hedge funds own 49.91% of the company’s stock.

About Pan American Silver Corp.

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 Corp. (NASDAQ:PAAS)

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