Pan American Silver Corp. (NYSE:PAAS) Receives $25.42 Consensus Target Price from Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $25.42.

PAAS has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, Royal Bank of Canada increased their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th.

Pan American Silver Stock Down 2.1 %

Shares of NYSE:PAAS opened at $22.20 on Friday. The company has a 50 day moving average of $22.77 and a two-hundred day moving average of $21.59. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of -130.58 and a beta of 1.28.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.80%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PAAS. Lighthouse Investment Partners LLC acquired a new stake in shares of Pan American Silver during the 2nd quarter valued at approximately $990,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pan American Silver during the second quarter valued at approximately $963,000. Cetera Investment Advisers acquired a new stake in shares of Pan American Silver during the 1st quarter worth approximately $1,565,000. Stratos Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 39,873 shares during the last quarter. Finally, Marlin Sams Capital Management LLC boosted its position in Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after purchasing an additional 330,000 shares during the period. Institutional investors own 55.43% of the company’s stock.

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.