ValuEngine lowered shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a hold rating to a sell rating in a research note issued to investors on Monday, ValuEngine reports.

Several other research firms also recently weighed in on PAAS. Royal Bank of Canada upgraded shares of Pan American Silver from a sector perform rating to an outperform rating and raised their target price for the company from $17.00 to $23.00 in a report on Thursday, September 5th. TheStreet upgraded shares of Pan American Silver from a c rating to a b rating in a report on Thursday, November 7th. National Bank Financial upgraded shares of Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 price target for the company in a report on Friday, August 30th. B. Riley lowered their price target on shares of Pan American Silver from $23.20 to $19.00 and set a neutral rating for the company in a report on Monday, October 21st. Finally, BidaskClub downgraded shares of Pan American Silver from a buy rating to a hold rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $20.53.

NASDAQ:PAAS traded up $0.04 during mid-day trading on Monday, hitting $18.41. 2,255,700 shares of the company’s stock traded hands, compared to its average volume of 2,724,405. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.50 and a current ratio of 2.76. The firm’s 50 day simple moving average is $16.54 and its 200 day simple moving average is $14.79. Pan American Silver has a 1 year low of $10.26 and a 1 year high of $19.48. The company has a market cap of $3.74 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 10.80 and a beta of 0.03.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.25. Pan American Silver had a net margin of 2.51% and a return on equity of 4.09%. The firm had revenue of $352.19 million during the quarter, compared to the consensus estimate of $324.87 million. During the same period last year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 87.6% on a year-over-year basis. On average, research analysts expect that Pan American Silver will post 0.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.035 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.14 annualized dividend and a dividend yield of 0.76%. Pan American Silver’s dividend payout ratio is presently 35.90%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Usca Ria LLC acquired a new stake in shares of Pan American Silver in the third quarter worth approximately $36,000. Flagship Harbor Advisors LLC boosted its position in shares of Pan American Silver by 339.8% in the third quarter. Flagship Harbor Advisors LLC now owns 3,395 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 2,623 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Pan American Silver in the third quarter worth approximately $126,000. Tower Research Capital LLC TRC boosted its position in shares of Pan American Silver by 25.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,345 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Comerica Bank acquired a new stake in shares of Pan American Silver in the second quarter worth approximately $166,000. 51.44% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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