Several other research analysts also recently issued reports on the company. TD Securities lifted their price target on Pan American Silver from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. BidaskClub raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.54.
Pan American Silver stock traded up $1.31 during midday trading on Tuesday, reaching $18.85. The company’s stock had a trading volume of 7,160,006 shares, compared to its average volume of 2,569,238. The firm has a market capitalization of $3.76 billion, a PE ratio of 48.33, a P/E/G ratio of 11.71 and a beta of 0.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.98 and a current ratio of 4.08. Pan American Silver has a fifty-two week low of $10.26 and a fifty-two week high of $19.01. The stock’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $13.46.
A number of institutional investors have recently bought and sold shares of PAAS. Toronto Dominion Bank grew its stake in Pan American Silver by 5.0% during the 2nd quarter. Toronto Dominion Bank now owns 123,960 shares of the basic materials company’s stock worth $1,602,000 after buying an additional 5,911 shares during the last quarter. Polunin Capital Partners Ltd bought a new position in Pan American Silver during the 2nd quarter worth $33,586,000. Newfoundland Capital Management grew its stake in Pan American Silver by 259.2% during the 2nd quarter. Newfoundland Capital Management now owns 138,583 shares of the basic materials company’s stock worth $1,789,000 after buying an additional 100,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in Pan American Silver by 10.4% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 845,478 shares of the basic materials company’s stock worth $10,916,000 after buying an additional 79,490 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Pan American Silver by 27.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 31,106 shares of the basic materials company’s stock worth $402,000 after buying an additional 6,760 shares during the last quarter. Hedge funds and other institutional investors own 52.51% of the company’s stock.
About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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