Pan American Silver Corp. (PAAS) Receives Consensus Rating of "Buy" from Analysts

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Pan American Silver logo "title =" Pan American Silver logo "clbad =" companylogo "/> Pan American Silver Corp. (NASDAQ: PAAS) (TSE: PAAS) has been given an average recommendation of" Buy "by the sixteen brokerages that are currently covering the firm, Marketbeat reports.The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $ 21.69. </p> <p> Several brokerages recently issued reports on PAAS. BidaskClub re-issued shares of Pan American Silver from a "hold" rating to a "sell" rating in a report on Wednesday, June 6th. price target on shares of Pan American Silver from $ 20.00 to $ 19.00 and set a "buy" rating on the stock in a research note on thursday, March 15th ValuEngine upgraded shares of Pan American Silver from a "sell" rating to a "hold" rat ing in a research note on Friday, March 23rd. Finally, Canaccord Genuity reiterated a "buy" rating and set a $ 19.50 price tag on set of Pan American Silver in a research note on Wednesday, April 4th. </p> <p> A number of large investors have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Pan American Silver by 157.4% during the fourth quarter. Millennium Management LLC now owns 4,174,441 shares of the basic materials company's stock worth $ 64,954,000 after buying an additional 2,552,381 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Pan American Silver during the fourth quarter of $ 8,851,000. Two Sigma Investments LP acquired a new position in shares of Pan American Silver during the fourth quarter of $ 7,996,000. Pendal Group Ltd. grew its position in shares of Pan American Silver by 126.4% during the first quarter. Pendal Group Ltd now owns 761,782 shares of the basic materials company's stock worth $ 12,303,000 after buying an additional 425,251 shares in the last quarter. Lastly, Wells Fargo & Company, Inc., grew its position in shares of Pan American Silver by 90.3% during the first quarter. Wells Fargo & Company MN now owns 853,097 shares of the basic materials company's stock worth $ 13,778,000 after buying an additional 404,749 shares in the last quarter. Institutional investors own 49.62% of the company's stock. </p> <p> Shares of NASDAQ PAAS traded $ 0.17 during trading on Monday, hitting $ 18.14. 752,282 shares of the company were exchanged, compared to its average volume of 827,300. Pan American Silver has a 12-month low of $ 13.99 and a 12-month high of $ 19.56. The firm has a market cap of $ 2.81 trillion, a PE ratio of 35.57, a P / E / G ratio of 6.45 and a beta of 0.30. </p> <p> Pan American Silver (NASDAQ: PAAS) (TSE: PAAS) last Wednesday, May 9th. The basic materials company reported $ 0.20 per share (EPS) for the quarter, the consensus estimate of $ 0.16 by $ 0.04. The firm had revenue of $ 206.96 million for the quarter, compared to badyst estimates of $ 215.73 million. Pan American Silver had a net margin of 18.19% and a return on equity of 6.35%. Pan American Silver's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $ 0.06 EPS. equities research badysts expect that Pan American Silver will post 0.71 earnings per share for the current fiscal year. </p> <p> <strong> About Pan American Silver </strong> </p> <p> Pan American Silver Corp., together with its subsidiaries, engaged in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico City, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines. <!--ViewCount:type=c&tertiary=1&id=423653--><!--Keyword: Pan American Silver,NASDAQ:PAAS,PAAS,Basic Material,Ratings,Consensus--><!--Ratings:4,12,NASDAQ:PAAS--></p> <p style= Analyst Recommendations for American Silver Pan (NASDAQ: PAAS) "title =" Analyst Recommendations for Pan American Silver (NASDAQ: PAAS) "/> </p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News & Ratings for the Pan American Silver Daily – Daily Summary of the latest news and badysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.

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