Pan American Silver (NYSE:PAAS) Downgraded by StockNews.com to Hold

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

PAAS has been the topic of several other reports. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank boosted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada upped their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.92.

Pan American Silver Trading Down 1.1 %

PAAS opened at $25.55 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.25 billion, a PE ratio of 79.86 and a beta of 1.25. The business has a 50 day moving average of $24.61 and a 200-day moving average of $22.94. Pan American Silver has a 52 week low of $15.45 and a 52 week high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities research analysts predict that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Institutional Trading of Pan American Silver

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Pan American Silver by 191.0% in the 4th quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company’s stock valued at $3,394,000 after acquiring an additional 110,170 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Pan American Silver by 143.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,163 shares of the basic materials company’s stock worth $630,000 after purchasing an additional 18,343 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in Pan American Silver during the 4th quarter valued at $3,365,000. Pullen Investment Management LLC lifted its holdings in shares of Pan American Silver by 40.8% in the 4th quarter. Pullen Investment Management LLC now owns 86,748 shares of the basic materials company’s stock worth $1,754,000 after buying an additional 25,154 shares during the period. Finally, Credit Industriel ET Commercial purchased a new position in shares of Pan American Silver during the fourth quarter valued at $8,537,000. Institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.