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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.3333.

A number of research analysts have commented on the company. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday. CIBC increased their price objective on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Scotiabank lifted their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Bank of America boosted their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake 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 acquiring an additional 387 shares during the period. Rothschild Investment LLC bought a new stake in shares of Pan American Silver during the third quarter valued at approximately $36,000. City State Bank increased its position in shares of Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares in the last quarter. Finally, Assetmark Inc. lifted 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 purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

NYSE PAAS opened at $54.25 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The firm has a market capitalization of $22.89 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 0.33 and a beta of 0.67. The company has a 50 day simple moving average of $45.45 and a 200-day simple moving average of $37.64. Pan American Silver has a 52-week low of $20.35 and a 52-week high of $55.85.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Pan American Silver’s dividend payout ratio is presently 32.37%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.