Pan American Silver Corp. (NYSE:PAAS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $25.42.

A number of equities analysts recently commented on the stock. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Jefferies Financial Group raised their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their target price on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th.

Pan American Silver Stock Up 1.9 %

Shares of PAAS opened at $21.25 on Wednesday. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $21.91 and a two-hundred day simple moving average of $21.61. The firm has a market cap of $7.71 billion, a P/E ratio of -124.99 and a beta of 1.27.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.88%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAAS. Lighthouse Investment Partners LLC purchased a new stake in shares of Pan American Silver in the 2nd quarter worth about $990,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pan American Silver in the second quarter worth about $963,000. Stratos Wealth Advisors LLC boosted its position in Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after acquiring an additional 39,873 shares in the last quarter. Marlin Sams Capital Management LLC grew its holdings in shares of Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after acquiring an additional 330,000 shares during the period. Finally, U S Global Investors Inc. raised its position in shares of Pan American Silver by 66.7% in the 3rd quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock worth $1,044,000 after acquiring an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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.