Pan American Silver Corp. (NYSE:PAAS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.25.

PAAS has been the subject of a number of research reports. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. CIBC raised their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday. Finally, Scotiabank boosted their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd.

Pan American Silver Stock Up 0.7%

Shares of PAAS opened at $36.72 on Friday. The business’s 50 day moving average is $37.37 and its 200 day moving average is $31.93. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver has a 12-month low of $19.80 and a 12-month high of $42.57. The company has a market capitalization of $15.50 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Research analysts expect that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is currently 32.37%.

Institutional Investors Weigh In On Pan American Silver

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $36,000. City State Bank raised its position in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares during the last quarter. Finally, Assetmark Inc. grew its position in Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares in the last quarter. 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.