Pan American Silver (NYSE:PAAS) Given “Buy (B)” Rating at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) in a research report sent to investors on Tuesday morning,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on the company. Scotiabank cut their price objective on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. CIBC boosted their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Pan American Silver Price Performance

NYSE:PAAS opened at $39.56 on Tuesday. Pan American Silver has a 52 week low of $19.80 and a 52 week high of $41.50. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $16.69 billion, a P/E ratio of 27.28, a P/E/G ratio of 0.65 and a beta of 0.63. The stock’s fifty day moving average is $35.31 and its two-hundred day moving average is $29.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Equities analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.2%. Pan American Silver’s dividend payout ratio (DPR) is currently 33.10%.

Institutional Investors Weigh In On Pan American Silver

Large investors have recently bought and sold shares of the stock. Graybill Wealth Management LTD. purchased a new stake in Pan American Silver during the 1st quarter worth about $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares during the last quarter. Dakota Community Bank & Trust NA purchased a new position in shares of Pan American Silver in the 3rd quarter valued at about $66,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Pan American Silver in the 2nd quarter valued at about $51,000. Finally, Kiker Wealth Management LLC increased its holdings in shares of Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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.