Pan American Silver Corp. (NYSE:PAAS) Stock Has Consensus Price Target of $67.71

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $67.71.

A number of research firms have recently commented on PAAS. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Royal Bank Of Canada decreased their price objective on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th.

Institutional Investors Weigh In On Pan American Silver

Hedge funds have recently modified their holdings of the business. RFG Advisory LLC lifted its position in shares of Pan American Silver by 2.5% during the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 191 shares during the period. Grand Central Investment Group grew its holdings in shares of Pan American Silver by 0.5% in the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock worth $2,447,000 after acquiring an additional 211 shares during the period. North Star Investment Management Corp. increased its stake in Pan American Silver by 7.8% in the 1st quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 251 shares in the last quarter. Verus Capital Partners LLC raised its holdings in Pan American Silver by 3.5% during the fourth quarter. Verus Capital Partners LLC now owns 11,082 shares of the basic materials company’s stock worth $574,000 after purchasing an additional 378 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Pan American Silver by 4.3% during the second quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 419 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Down 1.3%

Shares of Pan American Silver stock opened at $47.50 on Friday. The firm has a 50-day simple moving average of $48.76 and a two-hundred day simple moving average of $51.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. Pan American Silver has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. The company has a market cap of $19.65 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 5.00 and a beta of 0.77.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. As a group, equities analysts predict that Pan American Silver will post 3.81 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of C$0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.5%. Pan American Silver’s dividend payout ratio is presently 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused primarily on the exploration, development and production of silver and gold. Its operations also produce byproduct metals, including zinc, lead and copper, depending on the mine and ore deposit.

Founded in 1994 and headquartered in Vancouver, British Columbia, Pan American Silver operates mines and development projects across the Americas. The company’s geographic footprint has included Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil, giving it exposure to several of the region’s major silver and gold mining jurisdictions.

Pan American expanded its portfolio through the acquisition of Yamana Gold’s Latin American assets in 2023.