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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $44.3333.

A number of research firms have recently weighed in on PAAS. Scotiabank increased their price target on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. CIBC boosted their target price on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Bank of America increased their price target on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Jefferies Financial Group restated a “hold” rating and set a $50.00 target price on shares of Pan American Silver in a research note on Sunday, December 7th.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds have recently added to or reduced their stakes in PAAS. Moneda S.A. Administradora General de Fondos purchased a new position in shares of Pan American Silver during the third quarter worth approximately $567,000. Swiss Life Asset Management Ltd raised its stake in Pan American Silver by 19.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 40,036 shares of the basic materials company’s stock valued at $1,553,000 after acquiring an additional 6,644 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $113,000. Coldstream Capital Management Inc. grew its position in Pan American Silver by 108.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,241 shares of the basic materials company’s stock valued at $978,000 after buying an additional 13,116 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Pan American Silver by 53.3% in the 3rd quarter. Advisory Services Network LLC now owns 11,931 shares of the basic materials company’s stock worth $462,000 after acquiring an additional 4,148 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $0.86 during trading on Wednesday, reaching $52.98. 643,445 shares of the company’s stock traded hands, compared to its average volume of 5,220,986. The firm has a market cap of $22.36 billion, a PE ratio of 30.71, a P/E/G ratio of 0.51 and a beta of 0.72. Pan American Silver has a fifty-two week low of $19.80 and a fifty-two week high of $54.41. 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 company has a 50-day simple moving average of $41.23 and a 200-day simple moving average of $35.47.

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

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, November 24th. Pan American Silver’s payout ratio is 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.