Pan American Silver (NYSE:PAAS) Price Target Raised to $17.00 at Jefferies Financial Group

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective lifted by Jefferies Financial Group from $14.00 to $17.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a hold rating on the basic materials company’s stock.

Several other equities research analysts have also commented on PAAS. CIBC dropped their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an outperform rating on the stock in a research note on Wednesday, February 7th. StockNews.com lowered Pan American Silver from a hold rating to a sell rating in a research report on Monday, January 15th. BMO Capital Markets dropped their target price on Pan American Silver from $27.00 to $22.00 and set an outperform rating on the stock in a report on Thursday, January 18th. TD Securities reduced their price target on Pan American Silver from $18.50 to $17.50 and set a buy rating for the company in a report on Friday, February 23rd. Finally, Scotiabank upped 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 research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $21.00.

Pan American Silver Trading Down 4.4 %

PAAS opened at $18.23 on Monday. Pan American Silver has a one year low of $12.16 and a one year high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The business has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $14.87. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of -60.76, a PEG ratio of 2.14 and a beta of 1.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $669.60 million for the quarter, compared to the consensus estimate of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same period in the previous year, the firm posted ($0.02) EPS. Analysts predict that Pan American Silver will post 0.47 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. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is presently -133.33%.

Institutional Trading of Pan American Silver

Several large investors have recently added to or reduced their stakes in PAAS. Optiver Holding B.V. boosted its stake in shares of Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 812 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in Pan American Silver by 1,474.8% during the third quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 2,345 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Pan American Silver in the third quarter worth about $46,000. CVA Family Office LLC bought a new position in shares of Pan American Silver in the fourth quarter worth about $46,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Pan American Silver by 455.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after buying an additional 3,000 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

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.