Analysts Set Pan American Silver Corp. (PAAS) PT at $21.00

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Thursday, September 13th. ValuEngine downgraded Pan American Silver from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. TD Securities set a $23.00 price target on Pan American Silver and gave the company a “buy” rating in a research report on Thursday, August 9th. BidaskClub downgraded Pan American Silver from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 31st. Finally, Scotiabank downgraded Pan American Silver from an “outperform” rating to a “sector perform” rating and set a $18.00 price target for the company. in a research report on Monday, July 16th.

A number of large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in Pan American Silver by 4.0% in the 1st quarter. LPL Financial LLC now owns 77,864 shares of the basic materials company’s stock worth $1,258,000 after buying an additional 2,972 shares during the last quarter. First Manhattan Co. lifted its position in Pan American Silver by 0.6% in the second quarter. First Manhattan Co. now owns 531,365 shares of the basic materials company’s stock valued at $9,511,000 after purchasing an additional 3,250 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Pan American Silver by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 753,267 shares of the basic materials company’s stock valued at $13,483,000 after purchasing an additional 3,296 shares during the last quarter. Sigma Planning Corp lifted its position in Pan American Silver by 22.7% in the second quarter. Sigma Planning Corp now owns 18,168 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 3,367 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in Pan American Silver by 26.7% in the second quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock valued at $341,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 48.19% of the company’s stock.



PAAS stock traded up $0.06 during mid-day trading on Friday, reaching $15.23. 111,658 shares of the company traded hands, compared to its average volume of 1,199,283. The firm has a market capitalization of $2.30 billion, a PE ratio of 29.92, a PEG ratio of 5.93 and a beta of 0.11. Pan American Silver has a 52-week low of $13.97 and a 52-week high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 8th. The basic materials company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.07. The business had revenue of $216.46 million during the quarter, compared to analyst estimates of $213.63 million. Pan American Silver had a return on equity of 7.06% and a net margin of 17.95%. sell-side analysts expect that Pan American Silver will post 0.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Monday, August 20th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.14 dividend on an annualized basis and a yield of 0.92%. Pan American Silver’s payout ratio is 27.45%.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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