Pan American Silver Corp. (NYSE:PAAS) Receives $41.25 Consensus PT from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $41.25.

PAAS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, October 14th. CIBC lifted their target price on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Scotiabank lifted their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Chilton Capital Management LLC grew its holdings in shares of Pan American Silver by 195.9% during the third quarter. Chilton Capital Management LLC now owns 5,474 shares of the basic materials company’s stock worth $212,000 after buying an additional 3,624 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Pan American Silver by 52.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,073 shares of the basic materials company’s stock worth $661,000 after buying an additional 5,859 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Pan American Silver by 12.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 8,525 shares of the basic materials company’s stock worth $330,000 after buying an additional 948 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in shares of Pan American Silver by 56.1% during the third quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 41,750 shares of the basic materials company’s stock worth $1,617,000 after buying an additional 15,000 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Pan American Silver by 757.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,900 shares of the basic materials company’s stock worth $1,895,000 after buying an additional 43,200 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.9%

Pan American Silver stock opened at $35.22 on Tuesday. Pan American Silver has a 1-year low of $19.80 and a 1-year high of $42.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The stock has a market cap of $14.87 billion, a PE ratio of 24.29, a P/E/G ratio of 0.44 and a beta of 0.63. The stock’s fifty day moving average is $36.73 and its two-hundred day moving average is $30.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $782.12 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.12 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver’s dividend payout ratio is 33.10%.

Pan American Silver Company Profile

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.