Credit Suisse Group Upgrades Pan American Silver Corp. (PAAS) to “Outperform”

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by investment analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Wednesday.

PAAS has been the subject of several other research reports. UBS AG downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and set a $23.00 price target on shares of Pan American Silver Corp. in a research report on Friday, October 6th. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a research report on Friday, September 8th. BidaskClub upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Royal Bank Of Canada increased their price objective on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, August 14th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.15.

Shares of Pan American Silver Corp. (NASDAQ PAAS) opened at $15.20 on Wednesday. Pan American Silver Corp. has a 12 month low of $14.05 and a 12 month high of $21.29. The stock has a market cap of $2,294.58, a PE ratio of 31.21, a PEG ratio of 7.91 and a beta of 0.15.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results 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. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. The firm had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. analysts anticipate that Pan American Silver Corp. will post 0.47 EPS for the current year.

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Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in Pan American Silver Corp. by 1,091.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after buying an additional 7,934 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $170,000. Quantbot Technologies LP purchased a new stake in shares of Pan American Silver Corp. during the 3rd quarter worth $177,000. Sigma Planning Corp purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $181,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pan American Silver Corp. during the 2nd quarter worth $189,000. 53.24% of the stock is owned by institutional investors.

Pan American Silver Corp. 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 Corp. (NASDAQ:PAAS)

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