Pan American Silver (NYSE:PAAS) Given New $27.00 Price Target at Royal Bank of Canada

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its target price increased by Royal Bank of Canada from $25.00 to $27.00 in a report issued on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the basic materials company’s stock.

PAAS has been the subject of several other research reports. CIBC boosted their price objective on Pan American Silver from $30.00 to $35.00 and gave the company an outperformer rating in a report on Wednesday, July 10th. Scotiabank boosted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a sector outperform rating in a report on Tuesday, July 16th. Jefferies Financial Group upped their price target on Pan American Silver from $19.00 to $22.00 and gave the stock a hold rating in a report on Friday, July 12th. Finally, BMO Capital Markets upped their price target on Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $24.79.

Pan American Silver Price Performance

Shares of PAAS opened at $18.95 on Tuesday. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $24.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The business’s 50 day moving average price is $21.11 and its two-hundred day moving average price is $19.16. The firm has a market cap of $6.88 billion, a PE ratio of -41.20 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. During the same period last year, the firm posted $0.04 earnings per share. Pan American Silver’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Pan American Silver will post 0.59 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. CWM LLC grew its stake in Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Signaturefd LLC grew its stake in Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares during the period. Perritt Capital Management Inc. grew its stake in Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Franklin Resources Inc. grew its stake in Pan American Silver by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 1,169 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after buying an additional 1,336 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.