Royal Bank of Canada restated their outperform rating on shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in a research note published on Tuesday, January 9th. Royal Bank of Canada currently has a $22.00 price objective on the basic materials company’s stock.
A number of other equities analysts have also recently issued reports on PAAS. BMO Capital Markets reiterated a hold rating and set a $17.50 target price on shares of Pan American Silver in a report on Wednesday, September 20th. Canaccord Genuity reiterated a buy rating and set a $23.00 target price on shares of Pan American Silver in a report on Friday, October 6th. B. Riley reiterated a neutral rating on shares of Pan American Silver in a report on Wednesday, November 1st. Citigroup upgraded Pan American Silver to an outperform rating in a report on Tuesday, November 21st. Finally, Raymond James Financial upgraded Pan American Silver from a market perform rating to an outperform rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $20.91.
Pan American Silver (NASDAQ PAAS) opened at $15.91 on Tuesday. The stock has a market capitalization of $2,505.96, a PE ratio of 34.08, a price-to-earnings-growth ratio of 5.40 and a beta of 0.20. 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 released its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The company’s revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. equities analysts expect that Pan American Silver will post 0.5 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Magnetar Financial LLC grew its holdings in shares of Pan American Silver by 109.3% in the 3rd quarter. Magnetar Financial LLC now owns 87,729 shares of the basic materials company’s stock valued at $1,496,000 after acquiring an additional 45,823 shares in the last quarter. Private Advisor Group LLC grew its holdings in Pan American Silver by 69.8% during the third quarter. Private Advisor Group LLC now owns 35,794 shares of the basic materials company’s stock worth $640,000 after purchasing an additional 14,714 shares during the period. Shell Asset Management Co. grew its holdings in Pan American Silver by 148.3% during the third quarter. Shell Asset Management Co. now owns 37,145 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 22,186 shares during the period. JPMorgan Chase & Co. grew its holdings in Pan American Silver by 452.4% during the second quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after purchasing an additional 353,037 shares during the period. Finally, AJO LP bought a new position in Pan American Silver during the second quarter worth about $12,239,000. Institutional investors own 53.99% 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.
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