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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.25.

A number of analysts recently issued reports on PAAS shares. TD Securities lowered their price target on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. CIBC increased their price objective on shares of Pan American Silver from $27.50 to $30.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets increased their price objective on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Finally, Scotiabank increased their price objective on shares of Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a report on Thursday.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp increased its position in Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock worth $701,016,000 after purchasing an additional 653,064 shares during the last quarter. Vanguard Group Inc. increased its position in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after purchasing an additional 159,908 shares during the last quarter. Invesco Ltd. increased its position in Pan American Silver by 9.7% during the third quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company’s stock worth $85,361,000 after purchasing an additional 520,978 shares during the last quarter. Norges Bank acquired a new stake in Pan American Silver during the fourth quarter worth about $63,066,000. Finally, Tidal Investments LLC increased its position in Pan American Silver by 15,618.3% during the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 1.0 %

Shares of Pan American Silver stock opened at $21.04 on Tuesday. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $22.68. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of -45.74, a PEG ratio of 2.64 and a beta of 1.36. The firm’s 50 day simple moving average is $18.20 and its two-hundred day simple moving average is $15.71.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The business had revenue of $601.40 million for the quarter, compared to analyst estimates of $592.58 million. During the same quarter in the prior year, the business posted $0.10 EPS. Pan American Silver’s revenue for the quarter was up 54.1% compared to the same quarter last year. Analysts predict that Pan American Silver will post 0.41 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, May 20th. Pan American Silver’s dividend payout ratio is currently -86.96%.

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.