Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of “Hold” by Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.50.

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a “market perform” rating for the company. Finally, National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd.

Pan American Silver Stock Performance

NYSE:PAAS opened at $23.90 on Tuesday. Pan American Silver has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The firm’s 50 day moving average is $25.16 and its two-hundred day moving average is $23.55. The company has a market cap of $8.66 billion, a P/E ratio of 74.69 and a beta of 0.75. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. Pan American Silver’s payout ratio is currently 125.00%.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently modified their holdings of the business. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver in the 1st quarter worth approximately $33,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver in the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver in the 4th quarter worth about $32,000. 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.