Pan American Silver (NYSE:PAAS) Trading Up 3.9%

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) shares were up 3.9% during mid-day trading on Friday . The stock traded as high as $16.90 and last traded at $16.84. Approximately 998,888 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 3,915,919 shares. The stock had previously closed at $16.21.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PAAS shares. Canaccord Genuity Group cut their target price on Pan American Silver from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, July 24th. StockNews.com began coverage on Pan American Silver in a research note on Monday, August 21st. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $25.88.

Pan American Silver Stock Performance

The stock has a market cap of $3.52 billion, a PE ratio of -13.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 1.09. The business has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $15.79.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced 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 business had revenue of $639.90 million during the quarter, compared to analysts’ expectations of $642.16 million. During the same period in the previous year, the business earned ($0.03) EPS. The business’s revenue was up 87.9% compared to the same quarter last year. As a group, equities research analysts forecast that Pan American Silver Corp. will post 0.45 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, August 18th. Pan American Silver’s payout ratio is -33.06%.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAAS. Ronald Blue Trust Inc. raised its holdings in Pan American Silver by 2,892.0% in the first quarter. Ronald Blue Trust Inc. now owns 1,496 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,446 shares in the last quarter. Gradient Investments LLC raised its holdings in Pan American Silver by 182.5% in the second quarter. Gradient Investments LLC now owns 1,709 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,104 shares in the last quarter. Captrust Financial Advisors raised its holdings in Pan American Silver by 1,220.0% in the second quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,220 shares in the last quarter. Harbour Investments Inc. bought a new position in Pan American Silver in the second quarter worth $31,000. Finally, Chilton Capital Management LLC bought a new position in Pan American Silver in the first quarter worth $34,000. Hedge funds and other institutional investors own 85.50% of the company’s stock.

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, 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.