Pan American Silver Corp. (NYSE:PAAS) Receives $27.92 Consensus PT from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.92.

Several analysts have recently commented on PAAS shares. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Scotiabank increased their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.

Pan American Silver Stock Down 0.3 %

PAAS stock opened at $26.52 on Monday. The firm’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $22.51. The company has a market capitalization of $9.61 billion, a P/E ratio of 82.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver has a 12 month low of $13.52 and a 12 month high of $27.47.

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

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is presently 125.00%.

Hedge Funds Weigh In On Pan American Silver

Large investors have recently added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the third quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver during the fourth quarter worth $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the fourth quarter worth $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.