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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $52.1667.

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. CIBC set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Scotiabank raised their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Jefferies Financial Group cut their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st.

Pan American Silver Trading Up 1.6%

Pan American Silver stock opened at $57.57 on Thursday. The firm has a market cap of $24.29 billion, a PE ratio of 33.28, a P/E/G ratio of 0.63 and a beta of 0.66. Pan American Silver has a 12 month low of $20.55 and a 12 month high of $69.99. The stock’s 50 day simple moving average is $53.17 and its two-hundred day simple moving average is $41.38. 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: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). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts anticipate that Pan American Silver will post 1.26 earnings per share 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 given a dividend of $0.14 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

Institutional Trading of Pan American Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Pan American Silver by 51.8% in the 3rd 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 buying an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after acquiring an additional 274,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after acquiring an additional 4,037,311 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after acquiring an additional 882,135 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Pan American Silver by 5,674.3% in 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 acquiring an additional 6,034,755 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.