Pan American Silver Corp. (NYSE:PAAS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.42.

Several brokerages recently weighed in on PAAS. Jefferies Financial Group increased their price target on Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 12th. BMO Capital Markets lifted their target price on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. CIBC increased their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank lifted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 16th. Finally, StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th.

Institutional Trading of Pan American Silver

Large investors have recently bought and sold shares of the company. CWM LLC boosted its position in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Pan American Silver by 0.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock valued at $2,861,000 after purchasing an additional 900 shares during the last quarter. Perritt Capital Management Inc. increased its stake in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock worth $3,899,000 after purchasing an additional 1,169 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

PAAS stock opened at $18.58 on Friday. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $6.74 billion, a P/E ratio of -40.39 and a beta of 1.31. The business has a 50 day simple moving average of $21.17 and a 200-day simple moving average of $17.99. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $24.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The business had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Pan American Silver will post 0.66 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.15%. The ex-dividend date is Monday, August 19th. Pan American Silver’s payout ratio is currently -86.96%.

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.