Pan American Silver Corp. (NYSE:PAAS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $52.1667.

A number of equities research analysts have recently issued reports on PAAS shares. Jefferies Financial Group dropped their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, CIBC set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday.

Institutional Trading of Pan American Silver

Institutional investors have recently made changes to their positions in the company. Veracity Capital LLC grew its position in Pan American Silver by 1.9% in the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 185 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of Pan American Silver by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 262 shares during the last quarter. Harvest Portfolios Group Inc. grew its holdings in shares of Pan American Silver by 0.9% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock worth $1,404,000 after purchasing an additional 318 shares during the period. CoreCap Advisors LLC increased its position in shares of Pan American Silver by 7.9% during the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 331 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Pan American Silver by 18.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $57.57 on Thursday. The firm has a 50-day simple moving average of $53.17 and a 200-day simple moving average of $41.38. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 0.63 and a beta of 0.66. Pan American Silver has a 52 week low of $20.55 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. Pan American Silver’s dividend payout ratio is currently 32.37%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.