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

Shares of Pan American Silver Corp. (TSE:PAASGet Rating) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$42.00.

A number of analysts recently issued reports on PAAS shares. BMO Capital Markets started coverage on Pan American Silver in a report on Thursday, January 20th. They set a “buy” rating and a C$29.00 price objective on the stock. Canaccord Genuity Group cut Pan American Silver to a “hold” rating and set a C$25.00 price objective on the stock. in a report on Friday, February 25th. Finally, National Bankshares dropped their price objective on Pan American Silver from C$44.00 to C$41.00 and set an “outperform” rating on the stock in a report on Monday, February 28th.

Shares of PAAS traded up C$0.79 during mid-day trading on Thursday, hitting C$37.18. The stock had a trading volume of 380,013 shares, compared to its average volume of 584,791. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.58 and a quick ratio of 1.22. Pan American Silver has a 52 week low of C$26.52 and a 52 week high of C$43.95. The firm has a market cap of C$7.83 billion and a P/E ratio of 63.32. The business has a fifty day moving average price of C$32.62 and a 200-day moving average price of C$31.54.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Monday, March 21st were paid a $0.12 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, March 4th. Pan American Silver’s dividend payout ratio is currently 58.72%.

In other Pan American Silver news, Senior Officer Steven Busby sold 800 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of C$33.89, for a total value of C$27,112.00. Following the transaction, the insider now directly owns 113,680 shares in the company, valued at approximately C$3,852,615.20.

Pan American Silver Company Profile (Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Pas Corp, and Navidad mines.

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Analyst Recommendations for Pan American Silver (TSE:PAAS)

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