Pan American Silver Corp. (NYSE:PAAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.42.

Several equities research analysts have issued reports on the stock. Scotiabank cut their price objective on shares of Pan American Silver from $20.00 to $19.50 and set a “sector outperform” rating for the company in a research report on Friday, February 23rd. StockNews.com downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Jefferies Financial Group started coverage on shares of Pan American Silver in a research report on Thursday, February 29th. They issued a “hold” rating and a $14.00 price target for the company. TD Securities dropped their price target on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, CIBC dropped their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th.

Pan American Silver Trading Up 3.4 %

Shares of NYSE:PAAS opened at $15.08 on Monday. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $19.84. The company has a market capitalization of $5.50 billion, a P/E ratio of -50.26, a price-to-earnings-growth ratio of 1.25 and a beta of 1.42. The company has a 50-day simple moving average of $13.52 and a 200 day simple moving average of $14.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter last year, the business posted ($0.02) earnings per share. Sell-side analysts forecast that Pan American Silver will post 0.32 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.65%. Pan American Silver’s payout ratio is presently -133.33%.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in shares of Pan American Silver by 11.8% in the fourth quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock worth $748,460,000 after purchasing an additional 4,842,547 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Pan American Silver by 94,294.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company’s stock valued at $576,955,000 after buying an additional 35,271,958 shares during the period. Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock valued at $213,361,000 after buying an additional 176,979 shares during the period. BlackRock Inc. lifted its holdings in Pan American Silver by 41.5% in the second quarter. BlackRock Inc. now owns 10,601,093 shares of the basic materials company’s stock valued at $154,564,000 after buying an additional 3,107,329 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Pan American Silver by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,166,178 shares of the basic materials company’s stock valued at $118,246,000 after buying an additional 197,948 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.