Pan American Silver (NYSE:PAAS) Stock Rating Lowered by TD Securities

Pan American Silver (NYSE:PAAS) (TSE:PAAS) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Several other research firms also recently weighed in on PAAS. Royal Bank Of Canada dropped their target price on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, TD Cowen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Trading Up 2.9%

PAAS opened at $42.38 on Monday. Pan American Silver has a 52 week low of $35.82 and a 52 week high of $69.99. The business has a fifty day simple moving average of $45.69 and a 200-day simple moving average of $51.36. The firm has a market cap of $17.47 billion, a P/E ratio of 11.36, a P/E/G ratio of 4.66 and a beta of 0.76. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pan American Silver had a return on equity of 21.05% and a net margin of 35.18%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 EPS. On average, equities analysts expect that Pan American Silver will post 3.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Pan American Silver during the second quarter worth about $375,948,000. Bank of America Corp DE acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $82,038,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $2,347,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Pan American Silver in the 2nd quarter valued at approximately $6,277,000. Finally, Groupe la Francaise grew its stake in shares of Pan American Silver by 11.8% in the 2nd quarter. Groupe la Francaise now owns 380,000 shares of the basic materials company’s stock valued at $17,042,000 after purchasing an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.