Canaccord Genuity restated their buy rating on shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in a research report sent to investors on Friday. They currently have a $23.00 price objective on the basic materials company’s stock.

A number of other research firms have also recently commented on PAAS. 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 Thursday, June 29th. Royal Bank Of Canada reissued an outperform rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. BidaskClub cut Pan American Silver Corp. from a hold rating to a sell rating in a report on Thursday, August 10th. Raymond James Financial, Inc. cut 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. Finally, UBS AG cut Pan American Silver Corp. from an outperform rating to a market perform rating in a report on Thursday, September 7th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $21.56.

Pan American Silver Corp. (NASDAQ:PAAS) traded up 3.01% during trading on Friday, reaching $17.48. The company had a trading volume of 1,225,052 shares. The firm has a market capitalization of $2.68 billion, a P/E ratio of 22.35 and a beta of 0.14. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.29. The firm’s 50-day moving average price is $17.85 and its 200 day moving average price is $17.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Equities analysts forecast that Pan American Silver Corp. will post $0.55 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Pan American Silver Corp. in the first quarter worth about $164,000. Alliancebernstein L.P. purchased a new position in Pan American Silver Corp. in the second quarter worth about $170,000. Sigma Planning Corp purchased a new position in Pan American Silver Corp. in the second quarter worth about $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in Pan American Silver Corp. in the second quarter worth about $189,000. Finally, Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 7,934 shares in the last quarter. Institutional investors own 53.88% 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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