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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $70.4286.

PAAS has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday. Bank of America decreased their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PAAS. Fifth Third Bancorp increased its position in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Parallel Advisors LLC lifted its position in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver in the 4th quarter worth $34,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter worth $41,000. Finally, Harbor Investment Advisory LLC bought a new position in Pan American Silver during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

PAAS stock opened at $44.11 on Friday. Pan American Silver has a twelve month low of $26.76 and a twelve month high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $18.52 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of 0.35 and a beta of 0.72. The business’s fifty day moving average is $51.22 and its 200-day moving average is $54.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Equities research analysts forecast that Pan American Silver will post 4.46 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Pan American Silver’s payout ratio is currently 23.15%.

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.