Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of “Moderate Buy” from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.64.

A number of equities analysts have recently issued reports on PAAS shares. Royal Bank of Canada increased their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group cut their price target on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, September 13th. CIBC boosted their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Scotiabank raised their target price on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th.

Pan American Silver Trading Down 4.1 %

Shares of PAAS stock opened at $21.44 on Monday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $24.27. The firm’s fifty day simple moving average is $20.74 and its 200 day simple moving average is $19.80. The firm has a market capitalization of $7.78 billion, a P/E ratio of -46.61 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The firm had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. Pan American Silver’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. As a group, sell-side analysts predict that Pan American Silver will post 0.61 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. Pan American Silver’s payout ratio is currently -86.96%.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAAS. CWM LLC grew its holdings in Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the period. Signaturefd LLC grew its stake in shares of Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 774 shares during the period. Perritt Capital Management Inc. lifted its stake in Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,000 shares during the period. Franklin Resources Inc. lifted its stake in Pan American Silver by 0.5% in the fourth quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after buying an additional 1,169 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after buying an additional 1,336 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

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.