Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $68.00.

PAAS has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, May 11th.

Pan American Silver Stock Performance

NYSE PAAS opened at $46.02 on Wednesday. The stock has a market cap of $19.39 billion, a PE ratio of 14.80, a P/E/G ratio of 0.37 and a beta of 0.67. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver has a twelve month low of $26.76 and a twelve month high of $69.99. The stock has a fifty day simple moving average of $55.47 and a 200-day simple moving average of $54.74.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company’s revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts anticipate that Pan American Silver will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.6%. Pan American Silver’s dividend payout ratio is presently 23.15%.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds have recently bought and sold shares of PAAS. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp lifted its stake in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver during the 4th quarter worth about $34,000. Rothschild Investment LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC raised its position in Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

About Pan American Silver

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.