Pan American Silver Corp. (NYSE:PAAS) Receives $20.42 Consensus PT from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.42.

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Scotiabank cut their price target on Pan American Silver from $20.00 to $19.50 and set a “sector outperform” rating on the stock in a report on Friday, February 23rd. TD Securities decreased their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. Jefferies Financial Group began coverage on Pan American Silver in a report on Thursday, February 29th. They issued a “hold” rating and a $14.00 target price on the stock. Finally, CIBC lowered their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a report on Wednesday, February 7th.

Pan American Silver Stock Up 7.0 %

Shares of Pan American Silver stock opened at $16.89 on Monday. The stock’s 50-day moving average is $13.65 and its 200 day moving average is $14.52. Pan American Silver has a one year low of $12.16 and a one year high of $19.84. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of -56.30, a PEG ratio of 1.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million for the quarter, compared to the consensus estimate of $657.65 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Equities research analysts anticipate that Pan American Silver will post 0.32 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, March 1st. Pan American Silver’s payout ratio is currently -133.33%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Optiver Holding B.V. boosted its position in Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 812 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Pan American Silver by 1,220.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,220 shares during the period. Harbour Investments Inc. bought a new position in Pan American Silver during the second quarter valued at about $31,000. FNY Investment Advisers LLC increased its holdings in Pan American Silver by 104.4% during the third quarter. FNY Investment Advisers LLC now owns 2,300 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,175 shares during the last quarter. Finally, Chilton Capital Management LLC bought a new stake in Pan American Silver in the first quarter worth about $34,000. 55.43% of the stock is owned by institutional investors.

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.