Pan American Silver (NYSE:PAAS) Stock Price Up 3.3%

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) were up 3.3% during mid-day trading on Friday . The company traded as high as $20.43 and last traded at $20.25. Approximately 1,785,330 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 4,110,052 shares. The stock had previously closed at $19.60.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of research analyst reports. TD Securities decreased their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Scotiabank increased their price target on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Jefferies Financial Group began coverage on Pan American Silver in a research note on Thursday, February 29th. They set a “hold” rating and a $14.00 price target for the company. Finally, CIBC reduced their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Pan American Silver Stock Down 2.2 %

The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The stock has a market cap of $6.96 billion, a P/E ratio of -63.86, a P/E/G ratio of 2.00 and a beta of 1.44. The company has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $14.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same period last year, the business earned ($0.02) EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 0.44 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is currently -133.33%.

Institutional Trading of Pan American Silver

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Pan American Silver by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company’s stock valued at $186,627,000 after acquiring an additional 183,681 shares in the last quarter. SG Americas Securities LLC bought a new position in Pan American Silver in the fourth quarter worth $751,000. B. Riley Wealth Advisors Inc. lifted its position in Pan American Silver by 98.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 184,662 shares of the basic materials company’s stock valued at $2,674,000 after buying an additional 91,488 shares during the period. Deutsche Bank AG grew its position in shares of Pan American Silver by 58.5% in the 3rd quarter. Deutsche Bank AG now owns 620,946 shares of the basic materials company’s stock worth $8,991,000 after buying an additional 229,223 shares during the period. Finally, Sprott Inc. lifted its position in Pan American Silver by 14.9% during the 3rd quarter. Sprott Inc. now owns 2,938,159 shares of the basic materials company’s stock valued at $42,545,000 after acquiring an additional 381,411 shares during the period. Institutional investors own 55.43% 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, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.