Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $25.42

Shares of Pan American Silver Corp. (NYSE:PAASGet Free Report) (TSE:PAAS) have been given an average rating of “Moderate Buy” by the four brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $25.42.

PAAS has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st.

View Our Latest Research Report on Pan American Silver

Pan American Silver Trading Up 0.7 %

Shares of Pan American Silver stock opened at $21.93 on Friday. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05. The firm has a market capitalization of $7.96 billion, a PE ratio of -128.96 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The company’s fifty day moving average price is $21.62 and its two-hundred day moving average price is $21.66.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. Pan American Silver’s dividend payout ratio (DPR) is currently -235.28%.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently made changes to their positions in the company. Lighthouse Investment Partners LLC acquired a new position in Pan American Silver during the 2nd quarter valued at about $990,000. Barclays PLC boosted its stake in Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Pan American Silver by 33.4% during 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 acquiring an additional 39,873 shares during the last quarter. Marlin Sams Capital Management LLC lifted its stake in Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after buying an additional 330,000 shares during the period. Finally, U S Global Investors Inc. grew its position in shares of Pan American Silver by 66.7% during the 3rd quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock worth $1,044,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Company Profile

(Get Free Report

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.

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