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 received an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $56.60.

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Jefferies Financial Group reduced their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Bank of America lifted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its position in Pan American Silver by 123.9% during the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after purchasing an additional 28,963 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Pan American Silver by 176.9% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after buying an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG increased its stake in shares of Pan American Silver by 117.9% during the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock valued at $1,702,000 after buying an additional 23,780 shares during the period. Hollencrest Capital Management increased its stake in shares of Pan American Silver by 214.3% during the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after buying an additional 82,932 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Pan American Silver by 363.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock valued at $5,879,000 after acquiring an additional 119,028 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 3.4%

Shares of NYSE PAAS opened at $49.70 on Friday. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99. The firm has a 50-day simple moving average of $58.56 and a two-hundred day simple moving average of $48.09. The company has a market cap of $20.96 billion, a P/E ratio of 19.88, a PEG ratio of 0.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 44.7% on a year-over-year basis. Research analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.18 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 1.4%. Pan American Silver’s dividend payout ratio is presently 28.80%.

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.