Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of “Buy” from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average recommendation of “Buy” from the four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.75.

PAAS has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Pan American Silver in a research report on Monday, August 21st. They set a “sell” rating for the company. Canaccord Genuity Group reduced their target price on Pan American Silver from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, July 24th.

Pan American Silver Stock Up 0.1 %

Pan American Silver stock opened at $15.85 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 2.13. The stock has a market cap of $3.34 billion, a PE ratio of -13.10 and a beta of 1.22. The firm’s 50-day simple moving average is $15.83 and its 200 day simple moving average is $15.85. Pan American Silver has a fifty-two week low of $13.40 and a fifty-two week high of $19.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Thursday, August 10th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). Pan American Silver had a positive return on equity of 0.73% and a negative net margin of 15.77%. The company had revenue of $639.90 million during the quarter, compared to the consensus estimate of $642.16 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 87.9% compared to the same quarter last year. Research analysts predict that Pan American Silver will post 0.45 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 18th. Pan American Silver’s dividend payout ratio (DPR) is currently -33.06%.

Institutional Investors Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of PAAS. Aviva PLC grew its stake in shares of Pan American Silver by 1,298.2% during the first quarter. Aviva PLC now owns 140,530 shares of the basic materials company’s stock valued at $2,562,000 after buying an additional 130,479 shares during the last quarter. Perpetual Ltd acquired a new position in shares of Pan American Silver during the first quarter worth $1,681,000. Citigroup Inc. raised its stake in Pan American Silver by 20.9% in the first quarter. Citigroup Inc. now owns 298,547 shares of the basic materials company’s stock valued at $5,440,000 after buying an additional 51,539 shares during the last quarter. Laffer Tengler Investments boosted its stake in Pan American Silver by 22.7% in the 1st quarter. Laffer Tengler Investments now owns 11,057 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 2,044 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Pan American Silver by 0.6% during the first quarter. CIBC Asset Management Inc now owns 283,376 shares of the basic materials company’s stock valued at $5,166,000 after buying an additional 1,576 shares during the last quarter. Institutional investors own 85.50% of the company’s stock.

About Pan American Silver

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, 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, and Cap-Oeste Sur Este mines.