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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.3333.

A number of research analysts recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Scotiabank boosted their price target on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a research note on Sunday, December 7th. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Finally, National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAAS. Van ECK Associates Corp increased its stake in Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after purchasing an additional 15,405,762 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Pan American Silver by 5,674.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after buying an additional 6,034,755 shares during the last quarter. Norges Bank acquired a new position in Pan American Silver in the 2nd quarter valued at about $155,281,000. First Eagle Investment Management LLC purchased a new stake in Pan American Silver during the 3rd quarter valued at approximately $178,004,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pan American Silver by 38.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after acquiring an additional 4,037,311 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

NYSE:PAAS opened at $49.33 on Wednesday. Pan American Silver has a fifty-two week low of $19.80 and a fifty-two week high of $52.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. The company has a 50 day moving average price of $39.98 and a 200 day moving average price of $34.61. The stock has a market capitalization of $20.82 billion, a P/E ratio of 28.51, a PEG ratio of 0.47 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.Pan American Silver’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Equities research analysts forecast 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, December 5th. Investors of record on Monday, November 24th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.1%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is 32.37%.

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.