Shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) have earned an average recommendation of “Buy” from the four ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.50.
PAAS has been the topic of several research analyst reports. StockNews.com downgraded Pan American Silver from a “hold” rating to a “sell” rating in a research report on Wednesday. Scotiabank began coverage on Pan American Silver in a research report on Monday, April 3rd. They issued an “outperform” rating on the stock.
Hedge Funds Weigh In On Pan American Silver
Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Pan American Silver by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 224,029 shares of the basic materials company’s stock worth $6,115,000 after acquiring an additional 5,501 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Pan American Silver by 32.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,465 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 2,830 shares in the last quarter. BlackRock Inc. boosted its holdings in Pan American Silver by 2.5% in the first quarter. BlackRock Inc. now owns 122,288 shares of the basic materials company’s stock valued at $3,339,000 after purchasing an additional 2,987 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in Pan American Silver in the first quarter valued at $207,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Pan American Silver by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,248,440 shares of the basic materials company’s stock valued at $34,084,000 after acquiring an additional 190,839 shares during the period. Hedge funds and other institutional investors own 60.52% of the company’s stock.
Pan American Silver Stock Performance
NYSE PAAS opened at $14.58 on Friday. The stock has a market capitalization of $3.07 billion, a PE ratio of -7.63 and a beta of 1.21. The business has a 50 day simple moving average of $15.13 and a two-hundred day simple moving average of $16.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.30 and a quick ratio of 1.24. Pan American Silver has a 1-year low of $13.40 and a 1-year high of $21.52.
Pan American Silver (NYSE:PAAS – Free Report) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 10th. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Pan American Silver had a negative net margin of 27.78% and a positive return on equity of 0.23%. The business had revenue of $390.30 million during the quarter, compared to analysts’ expectations of $354.39 million. On average, research analysts predict that Pan American Silver will post 0.48 EPS for the current fiscal year.
Pan American Silver Company Profile
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.
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Read More: Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of “Buy” by Analysts