Pan American Silver (NASDAQ:PAAS) Shares Gap Down to $21.64

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $21.28, but opened at $21.64. Pan American Silver shares last traded at $21.40, with a volume of 118,189 shares trading hands.

PAAS has been the subject of a number of research reports. TheStreet raised shares of Pan American Silver from a “c” rating to a “b” rating in a report on Thursday, November 7th. BidaskClub raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 21st. Zacks Investment Research raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Saturday, December 21st. ValuEngine cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Bank of America cut shares of Pan American Silver from a “neutral” rating to an “underperform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $23.14.

The stock has a market capitalization of $4.54 billion, a PE ratio of 533.38, a PEG ratio of 6.06 and a beta of 0.12. The firm’s fifty day moving average is $21.83 and its 200-day moving average is $17.82. The company has a quick ratio of 1.50, a current ratio of 2.76 and a debt-to-equity ratio of 0.14.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.25. The firm had revenue of $352.19 million during the quarter, compared to analysts’ expectations of $324.87 million. Pan American Silver had a net margin of 2.51% and a return on equity of 4.09%. The firm’s revenue for the quarter was up 87.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, analysts expect that Pan American Silver Corp. will post 0.66 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAAS. Usca Ria LLC purchased a new position in Pan American Silver during the third quarter worth about $36,000. Flagship Harbor Advisors LLC raised its holdings in Pan American Silver by 339.8% during the third quarter. Flagship Harbor Advisors LLC now owns 3,395 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 2,623 shares in the last quarter. Cerebellum GP LLC purchased a new position in Pan American Silver during the third quarter worth about $126,000. Tower Research Capital LLC TRC raised its holdings in Pan American Silver by 25.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,345 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Violich Capital Management Inc. acquired a new position in Pan American Silver during the fourth quarter worth about $206,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile (NASDAQ:PAAS)

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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