Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of “Hold” by Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Four 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 brokers that have updated their coverage on the stock in the last year is $30.60.

PAAS has been the subject of several research reports. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 15th. Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. CIBC upped their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an “outperformer” rating in a research note on Thursday, May 8th. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating on the stock.

Pan American Silver Stock Up 0.8%

Shares of Pan American Silver stock opened at $24.40 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a 50-day moving average of $24.75 and a 200 day moving average of $23.59. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 76.25 and a beta of 0.75. Pan American Silver has a 1 year low of $17.86 and a 1 year high of $28.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Pan American Silver’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, sell-side analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver’s payout ratio is 45.98%.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Pan American Silver during the 4th quarter valued at $91,916,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Pan American Silver by 319.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock valued at $115,009,000 after buying an additional 3,389,549 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Pan American Silver during the 4th quarter valued at $24,083,000. Hsbc Holdings PLC raised its stake in Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock valued at $26,300,000 after buying an additional 1,135,839 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pan American Silver by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock valued at $233,225,000 after buying an additional 959,859 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.