Zacks Investment Research Downgrades Americas Silver (NYSEAMERICAN:USAS) to Hold

In trading on Wednesday, shares of Pan American Silver Corp (Symbol: PAAS) entered into oversold territory, changing hands as low as $14.35 per share.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.88 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. A bullish investor could look at PAAS's 29.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The fund owned 134,044 shares of the basic materials company's stock after buying an additional 69,126 shares during the period.

Pan American Silver Corp.'s Average Earnings Estimate for the current quarter is $0.18, according to consensus of 10 analysts.

PAAS has been the topic of a number of other research reports.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Scotia Capital Inc. now owns 82,163 shares of the company's stock worth $231,000 after purchasing an additional 2,942 shares in the last quarter.

When we look at the Analyst Recommendations of the stock, the company has 2 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The company now has a consensus rating of "Buy" and an average price target of $15.00. The ex-dividend date of this dividend was Friday, November 17th. Pan American Silver's dividend payout ratio is presently 16.39%. Renaissance Technologies LLC purchased a new stake in shares of MAG Silver Corp during the fourth quarter worth approximately $332,000. Advisor Group Inc. now owns 21,567 shares of the basic materials company's stock worth $362,000 after purchasing an additional 800 shares in the last quarter. WealthTrust Axiom LLC now owns 512,570 shares of the company's stock worth $2,117,000 after purchasing an additional 59,812 shares in the last quarter. National Asset Management Inc. grew its stake in Pan American Silver by 4.3% during the 2nd quarter. The company beat the analyst EPS Estimate with the difference of $0.04. The volume of the company in the last trading session was 1.03 Million. Global X MANAGEMENT CO LLC now owns 491,279 shares of the company's stock worth $2,019,000 after purchasing an additional 37,685 shares in the last quarter. Finally, Global X Management Co. Wells Fargo & Company MN lifted its holdings in Pan American Silver by 14.7% during the 3rd quarter.

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Pan American Silver a silver production company.

MAG Silver a mineral exploration and development company. The Company's segments include Peru, Mexico, Argentina and Bolivia.

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