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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.42.

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group upped their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Sanctuary Advisors LLC bought a new stake in Pan American Silver in the third quarter worth $257,000. Virtu Financial LLC increased its position in Pan American Silver by 23.9% in the third quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock worth $770,000 after purchasing an additional 7,114 shares during the last quarter. Barclays PLC raised its stake in Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Pan American Silver by 8.3% during the third quarter. Toronto Dominion Bank now owns 128,558 shares of the basic materials company’s stock valued at $2,683,000 after purchasing an additional 9,887 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $23.28 on Friday. The stock has a market cap of $8.45 billion, a P/E ratio of -136.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The stock’s fifty day moving average is $22.65 and its 200 day moving average is $21.54. Pan American Silver has a one year low of $12.16 and a one year high of $26.05.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.