Royal Bank of Canada restated their outperform rating on shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in a report released on Tuesday morning. The brokerage currently has a $22.00 price objective on the basic materials company’s stock.

PAAS has been the subject of a number of other reports. B. Riley reissued a neutral rating on shares of Pan American Silver in a report on Wednesday, November 1st. BMO Capital Markets reissued a hold rating and issued a $17.50 price target on shares of Pan American Silver in a report on Wednesday, September 20th. Raymond James Financial raised shares of Pan American Silver from a market perform rating to an outperform rating in a report on Tuesday, November 21st. Zacks Investment Research raised shares of Pan American Silver from a hold rating to a buy rating and set a $17.00 price target for the company in a report on Wednesday, December 20th. Finally, Credit Suisse Group raised shares of Pan American Silver from a neutral rating to an outperform rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the stock. Pan American Silver has an average rating of Buy and an average price target of $20.92.

Pan American Silver (NASDAQ:PAAS) traded up $0.48 during mid-day trading on Tuesday, reaching $16.66. 1,530,000 shares of the company traded hands, compared to its average volume of 1,340,000. The firm has a market capitalization of $2,550.00, a P/E ratio of 27.31, a P/E/G ratio of 6.61 and a beta of 0.09. Pan American Silver has a 1-year low of $13.99 and a 1-year high of $21.29.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Magnetar Financial LLC raised 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 buying an additional 45,823 shares during the period. Private Advisor Group LLC raised 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 buying an additional 14,714 shares during the period. Shell Asset Management Co. raised 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 buying an additional 22,186 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 353,037 shares during the period. Finally, AJO LP acquired a new stake in Pan American Silver during the 2nd quarter worth about $12,239,000. 53.89% of the stock is owned by institutional investors.

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Pan American Silver 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 (NASDAQ:PAAS)

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