Pan American Silver (NASDAQ:PAAS) (TSE:PAAS)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a report issued on Friday. They currently have a $19.00 price target on the basic materials company’s stock. Canaccord Genuity’s price objective indicates a potential upside of 17.43% from the stock’s current price.

PAAS has been the subject of several other reports. B. Riley raised Pan American Silver from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Thursday, November 9th. BMO Capital Markets set a $21.00 target price on Pan American Silver and gave the stock a “buy” rating in a research report on Thursday, November 23rd. Royal Bank of Canada set a $23.00 target price on Pan American Silver and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Raymond James Financial raised Pan American Silver from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.92.

Shares of Pan American Silver (NASDAQ:PAAS) traded up $0.10 on Friday, hitting $16.18. The stock had a trading volume of 2,066,000 shares, compared to its average volume of 1,562,512. Pan American Silver has a one year low of $13.99 and a one year high of $21.29. The company has a market cap of $2,470.00, a PE ratio of 26.52, a price-to-earnings-growth ratio of 6.61 and a beta of 0.09.

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

Institutional investors have recently modified their holdings of the business. Magnetar Financial LLC grew its holdings in Pan American Silver by 109.3% during the 3rd quarter. Magnetar Financial LLC now owns 87,729 shares of the basic materials company’s stock worth $1,496,000 after acquiring an additional 45,823 shares during the period. Private Advisor Group LLC grew its holdings in Pan American Silver by 69.8% during the 3rd quarter. Private Advisor Group LLC now owns 35,794 shares of the basic materials company’s stock worth $640,000 after acquiring an additional 14,714 shares during the period. Shell Asset Management Co. grew its holdings in Pan American Silver by 148.3% during the 3rd quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 22,186 shares during the period. JPMorgan Chase & Co. grew its holdings in Pan American Silver by 452.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after acquiring an additional 353,037 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Pan American Silver during the 3rd quarter worth about $641,000. Hedge funds and other institutional investors own 53.89% of the company’s stock.

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About Pan American Silver

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 (NASDAQ:PAAS)

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