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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $56.60.

Several equities research analysts have issued reports on PAAS shares. Jefferies Financial Group dropped their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Scotiabank raised their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pan American Silver in the fourth quarter worth about $34,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the fourth quarter worth about $41,000. Golden State Wealth Management LLC lifted its stake in shares of Pan American Silver by 173.3% in the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 520 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $36,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $2.62 during trading on Monday, reaching $56.94. The company had a trading volume of 1,486,727 shares, compared to its average volume of 8,552,406. The company has a fifty day moving average of $58.44 and a two-hundred day moving average of $46.25. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $24.02 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 0.55 and a beta of 0.61. Pan American Silver has a 12 month low of $20.55 and a 12 month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm’s revenue was up 44.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts forecast that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio (DPR) is presently 28.80%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.