Pan American Silver (NYSE:PAAS) Shares Gap Up – Time to Buy?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $26.70, but opened at $27.37. Pan American Silver shares last traded at $27.08, with a volume of 801,249 shares changing hands.

Analyst Ratings Changes

PAAS has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Hold” and an average target price of $27.92.

Pan American Silver Stock Up 0.9 %

The firm has a market capitalization of $9.76 billion, a PE ratio of 84.08 and a beta of 1.25. The company’s fifty day simple moving average is $23.58 and its 200 day simple moving average is $22.44. 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 (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.48%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after buying an additional 451 shares during the last quarter. US Bancorp DE lifted its stake in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 549 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 664 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in shares of Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock valued at $611,000 after purchasing an additional 715 shares during the last quarter. 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.