Pan American Silver Corp. (NYSE:PAAS) Receives $25.92 Consensus Price Target from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus recommendation of “Moderate Buy” from the three brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.10.

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Scotiabank upped their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday. Finally, Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAAS. Creative Planning grew its stake in Pan American Silver by 10.2% in the third quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 3,051 shares in the last quarter. Raymond James & Associates grew its stake in Pan American Silver by 10.4% in the third quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock worth $5,203,000 after purchasing an additional 23,543 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Pan American Silver by 8.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 439,700 shares of the basic materials company’s stock worth $9,177,000 after purchasing an additional 35,400 shares in the last quarter. Eastern Bank bought a new position in Pan American Silver in the third quarter worth approximately $28,000. Finally, International Assets Investment Management LLC bought a new position in Pan American Silver in the third quarter worth approximately $1,659,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 2.6 %

Shares of PAAS stock opened at $25.03 on Thursday. Pan American Silver has a 1 year low of $12.19 and a 1 year high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $22.54 and its two-hundred day simple moving average is $22.06. The company has a market cap of $9.06 billion, a PE ratio of 78.21 and a beta of 1.28.

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

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.60%. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

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.