Pan American Silver (NYSE:PAAS) Upgraded to "Buy" at StockNews.com

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

A number of other analysts have also issued reports on the company. Jefferies Financial Group boosted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. Royal Bank of Canada boosted 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 note on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded down $0.91 during trading on Monday, reaching $21.67. 5,379,621 shares of the stock traded hands, compared to its average volume of 4,072,005. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of -127.46 and a beta of 1.33. The business has a fifty day simple moving average of $22.48 and a two-hundred day simple moving average of $21.46. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05.

Institutional Investors Weigh In On Pan American Silver

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

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.