According to The Fly, pan American Silver (PAAS) has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Mark Mihaljevic downgraded PAAS to Hold.
According to TipRanks.com, Mihaljevic is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -19.6% and a 14.7% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals Inc, Guyana Goldfields Inc, and Hecla Mining Company.
The the analyst consensus on Pan American Silver is currently a Moderate Buy rating.
Based on Pan American Silver’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$12.36 million. In comparison, last year the company had a net profit of C$21.63 million.
Pan American Silver Corp. engages in the production and sale of silver, gold, and base metals including copper, lead, and zinc. It operates through the following geographical segments: Peru, Mexico, Argentina, Bolivia, Canada, and Other. The company was founded by Ross J. Beaty and John J. Wright in April 1994 and is headquartered in Vancouver, Canada.
The company’s shares closed on Wednesday at C$16.77, close to its 52-week low of C$16.05.
