Pan American Silver (NYSE:PAAS) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Down 4.0 %

Shares of PAAS opened at $21.67 on Monday. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The firm has a market cap of $7.87 billion, a P/E ratio of -127.46 and a beta of 1.33. The company’s 50-day moving average price is $22.48 and its 200 day moving average price is $21.46. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.85%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC purchased a new position in shares of Pan American Silver in the 2nd quarter valued at approximately $990,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Pan American Silver during the second quarter worth about $963,000. Cetera Investment Advisers acquired a new stake in Pan American Silver in the first quarter valued at about $1,565,000. Stratos Wealth Advisors LLC boosted its holdings in 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 valued at $3,324,000 after purchasing an additional 39,873 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Pan American Silver by 121.6% during the 1st quarter. Janus Henderson Group PLC now owns 45,279 shares of the basic materials company’s stock worth $682,000 after purchasing an additional 24,847 shares during the period. Hedge funds and other 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.