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

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 released on Monday.

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

Pan American Silver Stock Performance

NYSE:PAAS opened at $21.72 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The stock has a market capitalization of $7.88 billion, a P/E ratio of -127.76 and a beta of 1.33. The company has a 50 day moving average price of $22.48 and a 200 day moving average price of $21.46. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Eastern Bank purchased a new position in shares of Pan American Silver in the 3rd quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver in the third quarter valued at about $32,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares during the period. CWM LLC lifted its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Finally, UniSuper Management Pty Ltd lifted its stake in shares of Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

About Pan American Silver

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.