Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday.

A number of other brokerages also recently issued reports on PAAS. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target on the stock. in a report on Friday, September 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. UBS AG downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Canaccord Genuity reissued a “buy” rating and set a $22.00 price target on shares of Pan American Silver Corp. in a report on Thursday, September 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $17.50 price target on shares of Pan American Silver Corp. in a report on Wednesday, September 20th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.59.

Shares of Pan American Silver Corp. (PAAS) opened at $15.56 on Wednesday. Pan American Silver Corp. has a twelve month low of $14.05 and a twelve month high of $21.29. The stock has a market cap of $2,383.42, a price-to-earnings ratio of 32.42, a P/E/G ratio of 7.99 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. The firm had revenue of $190.79 million for the quarter, compared to the consensus estimate of $199.43 million. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. analysts anticipate that Pan American Silver Corp. will post 0.49 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in Pan American Silver Corp. by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock worth $713,000 after acquiring an additional 679 shares during the period. Advisor Group Inc. raised its position in Pan American Silver Corp. by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock worth $362,000 after acquiring an additional 800 shares during the period. National Asset Management Inc. raised its position in Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 850 shares during the period. Legal & General Group Plc raised its position in Pan American Silver Corp. by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after acquiring an additional 990 shares during the period. Finally, Blair William & Co. IL raised its position in Pan American Silver Corp. by 1.7% during the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock worth $1,187,000 after acquiring an additional 1,208 shares during the period. Institutional investors own 53.24% of the company’s stock.

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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