Pan American Silver (NYSE:PAAS) Price Target Lowered to $54.00 at Jefferies Financial Group

Pan American Silver (NYSE:PAASFree Report) (TSE:PAAS) had its price objective decreased by Jefferies Financial Group from $58.00 to $54.00 in a report issued on Wednesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a hold rating on the basic materials company’s stock.

Several other equities analysts also recently commented on PAAS. CIBC boosted their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Bank of America upped their price target on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Read Our Latest Stock Report on PAAS

Pan American Silver Price Performance

PAAS stock opened at $57.23 on Wednesday. The business’s fifty day moving average price is $48.77 and its 200 day moving average price is $39.18. Pan American Silver has a 12-month low of $20.55 and a 12-month high of $60.25. The company has a market capitalization of $24.14 billion, a PE ratio of 33.08, a P/E/G ratio of 0.36 and a beta of 0.67. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last issued its quarterly 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 business 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%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. On average, sell-side analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, November 24th. Pan American Silver’s payout ratio is currently 32.37%.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after acquiring an additional 15,405,762 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after purchasing an additional 3,006,055 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pan American Silver by 38.7% during the third 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 purchasing an additional 4,037,311 shares during the period. Invesco Ltd. grew its position in Pan American Silver by 9.8% in the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock valued at $174,406,000 after buying an additional 6,034,755 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Trending Headlines about Pan American Silver

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About Pan American Silver

(Get Free Report)

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.

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