Pan American Silver (NYSE:PAAS) Stock Rating Lowered by StockNews.com

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Stock Performance

Shares of PAAS opened at $22.42 on Tuesday. The company’s 50 day simple moving average is $22.40 and its 200-day simple moving average is $21.38. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The firm has a market cap of $8.14 billion, a PE ratio of -131.87 and a beta of 1.33. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Institutional Trading of Pan American Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lighthouse Investment Partners LLC acquired a new position in shares of Pan American Silver during the 2nd quarter worth $990,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pan American Silver in the second quarter valued at about $963,000. Cetera Investment Advisers acquired a new stake in shares of Pan American Silver in the first quarter valued at approximately $1,565,000. Stratos Wealth Advisors LLC increased its stake in shares of Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 39,873 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in Pan American Silver in the 1st quarter valued at approximately $421,000. Institutional investors and hedge funds 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.