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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $56.60.

A number of equities analysts recently commented on PAAS shares. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Jefferies Financial Group reduced their price target 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. Scotiabank raised their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th.

Pan American Silver Stock Performance

PAAS stock opened at $68.66 on Monday. Pan American Silver has a 1-year low of $20.55 and a 1-year high of $69.99. The business has a 50-day moving average price of $57.66 and a 200 day moving average price of $45.17. The company has a market capitalization of $28.97 billion, a P/E ratio of 27.46, a PEG ratio of 0.63 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. As a group, equities research analysts forecast that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s dividend payout ratio is currently 22.40%.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently made changes to their positions in PAAS. Parallel Advisors LLC boosted its position in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver in the fourth quarter worth about $34,000. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the third quarter worth about $36,000. City State Bank grew its stake 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 worth $40,000 after acquiring an additional 435 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Pan American Silver by 93.6% during the third 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 in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

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.