Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $25.42

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.42.

A number of brokerages have weighed in on PAAS. Royal Bank of Canada increased their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th.

Pan American Silver Stock Performance

NYSE:PAAS opened at $20.84 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a market cap of $7.57 billion, a PE ratio of -122.58 and a beta of 1.27. The firm has a 50 day simple moving average of $22.06 and a 200-day simple moving average of $21.61. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $26.05.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. Pan American Silver’s dividend payout ratio (DPR) is -235.29%.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its holdings in shares of Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after acquiring an additional 2,328,306 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Pan American Silver by 22.1% during the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock worth $43,440,000 after purchasing an additional 395,589 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Pan American Silver in the second quarter worth about $38,116,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Pan American Silver by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock valued at $36,300,000 after buying an additional 27,372 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.