Jefferies Financial Group Has Lowered Expectations for Pan American Silver (NYSE:PAAS) Stock Price

by · The Cerbat Gem

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) had its price target cut by research analysts at Jefferies Financial Group from $58.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Jefferies Financial Group’s price objective would suggest a potential downside of 6.42% from the company’s current price.

PAAS has been the topic of several other reports. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. CIBC boosted their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Scotiabank raised their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Bank of America boosted their price target on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Get Our Latest Stock Analysis on PAAS

Pan American Silver Stock Down 1.6%

Shares of NYSE:PAAS traded down $0.92 on Wednesday, hitting $57.70. 4,180,617 shares of the company’s stock were exchanged, compared to its average volume of 6,279,531. Pan American Silver has a 1-year low of $20.55 and a 1-year high of $60.25. The company has a market capitalization of $24.34 billion, a PE ratio of 33.33, a P/E/G ratio of 0.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. The firm’s 50-day moving average is $48.39 and its 200 day moving average is $39.05.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that Pan American Silver will post 1.26 EPS for the current year.

Institutional Trading of Pan American Silver

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after buying an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after buying an additional 360,283 shares during the last quarter. Empowered Funds LLC purchased a new position in Pan American Silver during the first quarter worth $1,272,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Pan American Silver by 61.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 44,140 shares of the basic materials company’s stock worth $1,289,000 after acquiring an additional 16,723 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

(Get Free Report)

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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