StockNews.com Upgrades Pan American Silver (NYSE:PAAS) to “Buy”

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research analysts have also weighed in on PAAS. Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Trading Down 2.2 %

Shares of PAAS stock opened at $21.52 on Tuesday. The company has a 50 day moving average of $22.08 and a 200-day moving average of $21.25. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. 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 $7.81 billion, a P/E ratio of -126.58 and a beta of 1.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of Pan American Silver during the 3rd quarter worth $28,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,500 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC lifted its holdings in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

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.