Pan American Silver (NYSE:PAAS) Stock Price Up 3.9% - Should You Buy?

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS were up 3.9% during mid-day trading on Monday . The stock traded as high as $24.10 and last traded at $24.11. Approximately 689,723 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 2,676,642 shares. The stock had previously closed at $23.21.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

Pan American Silver Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $21.72. The firm has a market capitalization of $9.00 billion, a P/E ratio of -145.90 and a beta of 1.28.

Institutional Investors Weigh In On Pan American Silver

Several large investors have recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth $27,000. Eastern Bank purchased a new stake in Pan American Silver during the 3rd quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver during the fourth quarter valued at about $32,000. 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.