Pan American Silver (NYSE:PAAS) PT Raised to $17.00 at Jefferies Financial Group

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective raised by research analysts at Jefferies Financial Group from $14.00 to $17.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 8.60% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Scotiabank increased their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. TD Securities dropped their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets decreased their price objective on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. StockNews.com lowered Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Finally, CIBC decreased their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Pan American Silver Trading Up 2.0 %

Shares of PAAS opened at $18.60 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -62.00, a PEG ratio of 2.14 and a beta of 1.44. The company has a 50-day moving average of $15.12 and a 200 day moving average of $14.90. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The firm had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. On average, research analysts expect that Pan American Silver will post 0.47 EPS for the current year.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds have recently modified their holdings of PAAS. Raymond James Financial Services Advisors Inc. grew its position in Pan American Silver by 25.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 111,886 shares of the basic materials company’s stock worth $1,687,000 after purchasing an additional 22,499 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Pan American Silver during the first quarter worth $208,000. PFG Investments LLC purchased a new stake in shares of Pan American Silver during the first quarter valued at $1,365,000. B. Riley Wealth Advisors Inc. increased its position in shares of Pan American Silver by 10.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 203,641 shares of the basic materials company’s stock valued at $3,325,000 after acquiring an additional 18,979 shares during the period. Finally, Vanguard Group Inc. raised its stake in Pan American Silver by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock worth $213,361,000 after acquiring an additional 176,979 shares during the last quarter. Institutional investors and hedge funds 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.