Pan American Silver (NYSE:PAAS) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

A number of other analysts have also commented on PAAS. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank increased their price target on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Trading Up 1.4 %

Shares of Pan American Silver stock opened at $25.96 on Wednesday. The firm’s 50-day moving average price is $24.69 and its two-hundred day moving average price is $22.96. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 81.13 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver has a 12-month low of $15.86 and a 12-month high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the 3rd quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the fourth quarter worth about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Pan American Silver in the fourth quarter worth about $32,000. 55.43% of the stock is owned by institutional investors.

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.