Pan American Silver (NYSE:PAAS) Shares Gap Down to $19.07

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) shares gapped down before the market opened on Monday . The stock had previously closed at $19.07, but opened at $18.12. Pan American Silver shares last traded at $18.56, with a volume of 1,513,664 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. CIBC cut their target price on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Jefferies Financial Group increased their target price on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a report on Monday. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. TD Securities reduced their price target on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Scotiabank raised their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Pan American Silver Stock Up 2.0 %

The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $15.12 and its two-hundred day moving average is $14.90.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same period last year, the company earned ($0.02) EPS. On average, sell-side analysts forecast that Pan American Silver Corp. will post 0.41 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is presently -133.33%.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds have recently made changes to their positions in PAAS. Optiver Holding B.V. raised its position in shares of Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Pan American Silver by 0.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock valued at $2,107,000 after purchasing an additional 857 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Pan American Silver by 0.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock valued at $2,861,000 after purchasing an additional 900 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Pan American Silver by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock worth $2,120,000 after purchasing an additional 1,064 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 1,169 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.