Pan American Silver (NASDAQ:PAAS) Stock Rating Reaffirmed by Pi Financial

Pi Financial reaffirmed their buy rating on shares of Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) in a research report sent to investors on Saturday, PriceTargets.com reports.

Several other research firms also recently weighed in on PAAS. Canaccord Genuity Group raised shares of Pan American Silver from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, May 12th. TD Securities decreased their price objective on shares of Pan American Silver from $36.00 to $30.00 and set a buy rating for the company in a research note on Friday, May 13th. Canaccord Genuity Group upgraded shares of Pan American Silver from a hold rating to a buy rating and set a $30.00 price objective for the company in a research note on Thursday, May 12th. Finally, National Bank Financial decreased their price objective on shares of Pan American Silver from C$44.75 to C$39.00 in a research note on Thursday, July 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $34.33.

Pan American Silver Stock Down 1.0 %

NASDAQ:PAAS opened at $20.06 on Friday. The company has a market cap of $4.22 billion, a PE ratio of 23.33, a P/E/G ratio of 3.80 and a beta of 1.22. Pan American Silver has a twelve month low of $17.26 and a twelve month high of $30.56. The company has a current ratio of 2.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $20.58 and its two-hundred day moving average is $23.53.

Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) last released its earnings results on Wednesday, May 11th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The company had revenue of $439.89 million for the quarter, compared to analysts’ expectations of $419.35 million. Pan American Silver had a return on equity of 5.90% and a net margin of 10.70%. During the same period in the prior year, the firm posted $0.18 EPS. Analysts anticipate that Pan American Silver will post 0.64 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Tuesday, May 24th were given a dividend of $0.12 per share. The ex-dividend date was Monday, May 23rd. This is a boost from Pan American Silver’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 2.39%. Pan American Silver’s dividend payout ratio is currently 55.81%.

Hedge Funds Weigh In On Pan American Silver

Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 7.1% during the first quarter. Van ECK Associates Corp now owns 22,401,326 shares of the basic materials company’s stock worth $611,556,000 after buying an additional 1,475,300 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.8% during the first quarter. Vanguard Group Inc. now owns 6,691,874 shares of the basic materials company’s stock worth $182,687,000 after buying an additional 121,281 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pan American Silver by 5.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,233,059 shares of the basic materials company’s stock worth $115,563,000 after buying an additional 211,279 shares in the last quarter. ETF Managers Group LLC grew its holdings in shares of Pan American Silver by 11.7% during the fourth quarter. ETF Managers Group LLC now owns 3,432,092 shares of the basic materials company’s stock worth $85,920,000 after buying an additional 358,482 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 buying an additional 322,330 shares in the last quarter. 44.25% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine 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, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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