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

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

A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Trading Up 0.1 %

Shares of Pan American Silver stock opened at $21.72 on Monday. The firm has a 50-day simple moving average of $22.48 and a two-hundred day simple moving average of $21.46. The company has a market cap of $7.88 billion, a P/E ratio of -127.76 and a beta of 1.33. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Institutional Trading of Pan American Silver

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $32,000. Sanctuary Advisors LLC purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $257,000. Virtu Financial LLC grew its stake in shares of Pan American Silver by 23.9% in the 3rd quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock valued at $770,000 after buying an additional 7,114 shares during the period. Barclays PLC grew its stake in shares of Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 37,480 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Pan American Silver by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 128,558 shares of the basic materials company’s stock valued at $2,683,000 after buying an additional 9,887 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.