Pan American Silver (NASDAQ:PAAS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a strong sell rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers. “

A number of other research analysts have also recently commented on PAAS. National Bankshares dropped their price target on Pan American Silver from C$49.00 to C$48.00 and set an outperform rating on the stock in a research report on Thursday, November 11th. BMO Capital Markets lowered their price target on Pan American Silver from C$39.00 to C$38.00 and set an outperform rating on the stock in a report on Monday, August 16th. Finally, National Bank Financial reduced their price objective on Pan American Silver from $49.00 to $48.00 and set an outperform rating on the stock in a research report on Thursday, November 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $41.60.

Shares of NASDAQ PAAS opened at $25.79 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.24 and a current ratio of 2.69. Pan American Silver has a 52 week low of $22.27 and a 52 week high of $39.62. The stock has a market capitalization of $5.42 billion, a P/E ratio of 21.49, a PEG ratio of 24.29 and a beta of 1.26. The stock’s fifty day moving average is $25.34 and its 200 day moving average is $27.50.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Monday, November 8th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.17). Pan American Silver had a net margin of 15.40% and a return on equity of 9.26%. During the same period last year, the business earned $0.34 earnings per share. Equities research analysts forecast that Pan American Silver will post 1.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 3rd. Stockholders of record on Monday, November 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, November 19th. Pan American Silver’s dividend payout ratio (DPR) is 33.33%.

Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its holdings in shares of Pan American Silver by 1.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 29,924 shares of the basic materials company’s stock valued at $855,000 after acquiring an additional 450 shares during the period. National Asset Management Inc. raised its holdings in Pan American Silver by 1.2% in the 2nd quarter. National Asset Management Inc. now owns 48,284 shares of the basic materials company’s stock worth $1,380,000 after purchasing an additional 576 shares during the period. Signaturefd LLC raised its holdings in Pan American Silver by 20.2% in the 3rd quarter. Signaturefd LLC now owns 3,771 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 634 shares during the period. Achmea Investment Management B.V. raised its holdings in shares of Pan American Silver by 4.0% during the third quarter. Achmea Investment Management B.V. now owns 19,482 shares of the basic materials company’s stock valued at $453,000 after acquiring an additional 754 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Pan American Silver by 7.5% during the second quarter. JPMorgan Chase & Co. now owns 11,016 shares of the basic materials company’s stock valued at $315,000 after acquiring an additional 771 shares during the last quarter. 48.23% of the stock is owned by institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The company operates through the following segments: Silver, Gold, and Other. Pan American Silver was founded by Ross J.

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