Pan American Silver (NYSE:PAAS) Stock Rating Upgraded by StockNews.com

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group upped their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada raised their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Price Performance

PAAS stock opened at $22.58 on Monday. The company’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $21.45. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.20 billion, a P/E ratio of -132.82 and a beta of 1.33.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently bought and sold shares of PAAS. Eastern Bank bought a new position in Pan American Silver during the 3rd quarter worth $28,000. 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 worth $33,000 after acquiring an additional 1,500 shares during the period. CWM LLC boosted its holdings in 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 acquiring an additional 510 shares during the last quarter. UniSuper Management Pty Ltd increased its position in Pan American Silver by 73.3% during the 1st 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. Finally, US Bancorp DE lifted its holdings in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after buying an additional 660 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

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.