Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pan American Silver Corp. (NYSE:PAASGet Free Report) (TSE:PAAS) has earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.25.

A number of research analysts recently issued reports on PAAS shares. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. BMO Capital Markets upped their price target on Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. TD Securities lowered their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, February 23rd. Scotiabank increased their target price on Pan American Silver from $20.00 to $23.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 23rd. Finally, CIBC lifted their price target on Pan American Silver from $27.50 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd.

Get Our Latest Stock Analysis on PAAS

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds have recently bought and sold shares of PAAS. Van ECK Associates Corp raised its holdings in shares of Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after purchasing an additional 653,064 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after acquiring an additional 159,908 shares during the period. Invesco Ltd. increased its position in Pan American Silver by 9.7% during the third quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company’s stock valued at $85,361,000 after acquiring an additional 520,978 shares during the last quarter. Norges Bank bought a new position in Pan American Silver in the fourth quarter valued at about $63,066,000. Finally, Tidal Investments LLC grew its stake in shares of Pan American Silver by 15,618.3% during the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after purchasing an additional 3,779,309 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 1.6 %

PAAS stock opened at $19.93 on Friday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $22.75. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of -43.33 and a beta of 1.37. The business’s 50 day moving average price is $20.03 and its two-hundred day moving average price is $16.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.11.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. The company had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The firm’s revenue for the quarter was up 54.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, analysts forecast that Pan American Silver will post 0.41 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were given a dividend of $0.10 per share. The ex-dividend date was Monday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

About Pan American Silver

(Get Free Report

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.

Featured Articles

Analyst Recommendations for Pan American Silver (NYSE:PAAS)

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.