Shares of Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $40.60.
A number of equities research analysts have recently weighed in on PAAS shares. BMO Capital Markets lowered their target price on Pan American Silver from $32.00 to $29.00 in a research note on Thursday, January 20th. TheStreet raised Pan American Silver from a “c+” rating to a “b-” rating in a report on Friday, March 25th. Zacks Investment Research upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. TD Securities reduced their price objective on Pan American Silver from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 25th. Finally, StockNews.com assumed coverage on Pan American Silver in a report on Thursday, March 31st. They issued a “hold” rating for the company.
NASDAQ PAAS traded up $0.53 on Thursday, reaching $29.12. The stock had a trading volume of 2,726,019 shares, compared to its average volume of 2,742,664. The company has a market cap of $6.13 billion, a P/E ratio of 62.67, a price-to-earnings-growth ratio of 6.86 and a beta of 1.27. Pan American Silver has a 1-year low of $20.74 and a 1-year high of $36.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.58 and a quick ratio of 1.29. The firm has a fifty day moving average of $25.77 and a two-hundred day moving average of $25.00.
The company also recently declared a quarterly dividend, which was paid on Monday, March 21st. Investors of record on Monday, March 7th were issued a dividend of $0.094 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 4th. Pan American Silver’s payout ratio is 104.35%.
A number of large investors have recently modified their holdings of PAAS. ETF Managers Group LLC grew its stake in shares of Pan American Silver by 11.7% in the 4th quarter. ETF Managers Group LLC now owns 3,432,092 shares of the basic materials company’s stock worth $85,920,000 after purchasing an additional 358,482 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Pan American Silver by 13.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,788,285 shares of the basic materials company’s stock worth $69,620,000 after acquiring an additional 322,330 shares during the period. Ninety One UK Ltd increased its holdings in Pan American Silver by 23.2% in the 3rd quarter. Ninety One UK Ltd now owns 1,936,910 shares of the basic materials company’s stock valued at $45,072,000 after buying an additional 365,071 shares during the period. Norges Bank acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $46,616,000. Finally, Jupiter Asset Management Ltd. lifted its position in Pan American Silver by 121.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,830,970 shares of the basic materials company’s stock worth $42,588,000 after buying an additional 1,003,759 shares in the last quarter. Hedge funds and other institutional investors own 44.65% of the company’s stock.
About Pan American Silver (Get Rating)
Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. It owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. The firm operates through the following segments: Silver, Gold, and Other. The company was founded by Ross J.
- Get a free copy of the StockNews.com research report on Pan American Silver (PAAS)
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