Pan American Silver Corp. (NYSE:PAAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $21.00.

A number of research firms have recently commented on PAAS. TD Securities cut 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. Jefferies Financial Group raised their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday. Scotiabank raised their price objective on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Finally, CIBC reduced their target price on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th.

Institutional Trading of Pan American Silver

Several institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. boosted its stake in Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 812 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $46,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Pan American Silver in the third quarter valued at approximately $46,000. Parkside Financial Bank & Trust grew its position in shares of Pan American Silver by 455.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Pan American Silver during the fourth quarter worth approximately $103,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

NYSE PAAS opened at $18.97 on Friday. The company has a market capitalization of $6.89 billion, a PE ratio of -63.23, a price-to-earnings-growth ratio of 2.36 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. The business’s fifty day moving average is $15.37 and its 200 day moving average is $14.96. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The firm had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same period last year, the firm posted ($0.02) earnings per share. Sell-side analysts predict that Pan American Silver will post 0.41 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio is currently -133.33%.

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.