Pan American Silver (NYSE:PAAS) Downgraded by StockNews.com to “Hold”

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

A number of other brokerages also recently issued reports on PAAS. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Trading Up 1.2 %

Shares of NYSE:PAAS opened at $21.97 on Friday. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The business’s fifty day simple moving average is $22.55 and its 200-day simple moving average is $21.50. The company has a market capitalization of $7.98 billion, a PE ratio of -129.23 and a beta of 1.33. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors 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 yield of 1.82%. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

Institutional Trading of Pan American Silver

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in Pan American Silver during the 3rd quarter worth about $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver during the 3rd quarter worth about $32,000. Mark Sheptoff Financial Planning LLC lifted its position in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,500 shares during the period. CWM LLC lifted its position in Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the period. Finally, US Bancorp DE lifted its position in Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

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.