Pan American Silver (NASDAQ:PAAS) PT Raised to $23.20

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) had its target price increased by B. Riley from $13.40 to $23.20 in a report issued on Monday, BenzingaRatingsTable reports. B. Riley currently has a neutral rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the company. TD Securities increased their price target on Pan American Silver from $20.00 to $22.00 and gave the company a buy rating in a research note on Friday, August 9th. National Bank Financial raised Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 price target for the company in a research note on Friday, August 30th. Zacks Investment Research raised Pan American Silver from a hold rating to a buy rating and set a $21.00 price target for the company in a research note on Thursday, August 29th. ValuEngine raised Pan American Silver from a hold rating to a buy rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada raised Pan American Silver from a sector perform rating to an outperform rating and increased their price target for the company from $17.00 to $23.00 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $21.18.

Shares of NASDAQ PAAS opened at $16.78 on Monday. The stock has a fifty day moving average price of $17.11 and a two-hundred day moving average price of $13.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.98 and a current ratio of 4.08. The firm has a market cap of $3.66 billion, a P/E ratio of 43.03, a PEG ratio of 11.07 and a beta of 0.08. Pan American Silver has a 1 year low of $10.26 and a 1 year high of $19.48.



Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $320.98 million. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. On average, research analysts predict that Pan American Silver will post 0.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.062 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, August 16th. Pan American Silver’s dividend payout ratio is presently 35.90%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAAS. NumerixS Investment Technologies Inc bought a new stake in shares of Pan American Silver during the 1st quarter worth $106,000. Cetera Advisor Networks LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth $135,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth $136,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Pan American Silver by 19.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,300 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 2,039 shares in the last quarter. Finally, Comerica Bank bought a new stake in shares of Pan American Silver during the 2nd quarter worth $166,000. 51.29% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

Featured Story: Limitations to arbitrage trading

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.