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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.00.

A number of analysts have recently weighed in on the company. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAAS. Fifth Third Bancorp lifted its holdings 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 buying an additional 481 shares in the last quarter. Parallel Advisors LLC boosted its position in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $41,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Pan American Silver during the first quarter worth $44,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.1%

NYSE PAAS opened at $46.24 on Friday. The stock’s 50 day simple moving average is $52.08 and its 200 day simple moving average is $55.06. Pan American Silver has a one year low of $26.76 and a one year high of $69.99. The firm has a market cap of $19.42 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.38 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, sell-side analysts forecast that Pan American Silver will post 4.47 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

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

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.