Pan American Silver (NYSE:PAAS) PT Raised to $23.00 at Scotiabank

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price target lifted by Scotiabank from $20.00 to $23.00 in a report published on Thursday, Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company’s stock.

A number of other research analysts have also weighed in on PAAS. StockNews.com raised shares of Pan American Silver from a sell rating to a hold rating in a research note on Saturday, May 11th. TD Securities decreased their target price on shares of Pan American Silver from $18.50 to $17.50 and set a buy rating on the stock in a research note on Friday, February 23rd. Jefferies Financial Group raised their target price on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a hold rating in a research note on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. Finally, CIBC raised their target price on shares of Pan American Silver from $27.50 to $30.00 and gave the stock an outperform rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Pan American Silver currently has an average rating of Moderate Buy and an average price target of $22.25.

Pan American Silver Price Performance

NYSE:PAAS opened at $21.04 on Thursday. Pan American Silver has a 52 week low of $12.16 and a 52 week high of $22.68. The company has a quick ratio of 0.92, a current ratio of 2.11 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $7.64 billion, a PE ratio of -45.74, a price-to-earnings-growth ratio of 2.64 and a beta of 1.36. The stock’s 50-day moving average price is $18.20 and its 200-day moving average price is $15.71.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The firm had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. During the same period last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 54.1% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver will post 0.41 EPS for the current fiscal year.

Pan American Silver Announces Dividend

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

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAAS. Euro Pacific Asset Management LLC raised its position in Pan American Silver by 2.0% in the third quarter. Euro Pacific Asset Management LLC now owns 1,392,979 shares of the basic materials company’s stock valued at $20,160,000 after purchasing an additional 27,932 shares during the period. CM Management LLC raised its position in Pan American Silver by 87.5% in the third quarter. CM Management LLC now owns 75,000 shares of the basic materials company’s stock valued at $1,086,000 after purchasing an additional 35,000 shares during the period. Monaco Asset Management SAM raised its position in Pan American Silver by 82.9% in the third quarter. Monaco Asset Management SAM now owns 625,000 shares of the basic materials company’s stock valued at $9,050,000 after purchasing an additional 283,315 shares during the period. Virtus ETF Advisers LLC raised its position in Pan American Silver by 14.2% in the third quarter. Virtus ETF Advisers LLC now owns 13,791 shares of the basic materials company’s stock valued at $200,000 after purchasing an additional 1,713 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in Pan American Silver in the third quarter valued at approximately $560,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.