TheStreet lowered shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) from a b- rating to a c+ rating in a research report released on Friday morning.

A number of other analysts have also weighed in on PAAS. BMO Capital Markets lowered shares of Pan American Silver Corp. from an outperform rating to a market perform rating and cut their price objective for the stock from $21.00 to $19.00 in a research note on Friday, March 31st. CSFB started coverage on shares of Pan American Silver Corp. in a research note on Thursday, April 13th. They issued a neutral rating on the stock. Credit Suisse Group reiterated a neutral rating on shares of Pan American Silver Corp. in a research note on Tuesday, April 18th. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Wednesday, May 3rd. Finally, TD Securities reiterated a buy rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $19.83.

Shares of Pan American Silver Corp. (PAAS) traded up 0.24% during midday trading on Friday, hitting $16.89. 563,434 shares of the stock were exchanged. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 21.85 and a beta of 0.29. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.59. The firm’s 50-day moving average is $16.53 and its 200-day moving average is $17.59.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. The business had revenue of $198.70 million during the quarter, compared to analyst estimates of $179.02 million. Pan American Silver Corp. had a return on equity of 6.13% and a net margin of 14.56%. The firm’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. Equities research analysts predict that Pan American Silver Corp. will post $0.47 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Pan American Silver Corp. during the first quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Pan American Silver Corp. by 46.2% in the first quarter. Moloney Securities Asset Management LLC now owns 15,825 shares of the basic materials company’s stock valued at $277,000 after buying an additional 5,000 shares in the last quarter. WFG Advisors LP increased its position in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock valued at $283,000 after buying an additional 1,020 shares in the last quarter. Finally, Royal Bank of Scotland Group PLC acquired a new position in Pan American Silver Corp. during the first quarter valued at $307,000. 50.07% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Corp. Company Profile

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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