TD Securities Downgrades Pan American Silver (NYSE:PAAS) to Hold

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $27.00 target price on the basic materials company’s stock, down from their prior target price of $28.00. TD Securities’ price target would indicate a potential upside of 6.80% from the company’s previous close.

Several other brokerages have also recently issued reports on PAAS. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Scotiabank upped their price target on 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 increased their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Up 3.3 %

Pan American Silver stock opened at $25.28 on Tuesday. Pan American Silver has a 52 week low of $13.52 and a 52 week high of $26.05. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 79.01 and a beta of 1.25. The business’s 50-day moving average price is $23.28 and its 200 day moving average price is $22.32. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, sell-side analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver in the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver in the 4th quarter valued at approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the fourth quarter worth $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Company Profile

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.