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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have received a consensus rating of “Moderate Buy” from the three analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.60.

A number of equities analysts recently weighed in on PAAS shares. Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.

Pan American Silver Stock Performance

Shares of PAAS opened at $24.63 on Thursday. Pan American Silver has a 52 week low of $12.19 and a 52 week high of $26.05. The stock has a market cap of $8.92 billion, a P/E ratio of 76.96 and a beta of 1.28. The business’s 50 day moving average price is $22.40 and its 200-day moving average price is $22.01. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities research analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. Pan American Silver’s dividend payout ratio is presently 125.00%.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds have recently added to or reduced their stakes in PAAS. Norges Bank purchased a new stake in Pan American Silver during the 4th quarter valued at $91,916,000. Van ECK Associates Corp raised its stake in 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 buying an additional 2,328,306 shares during the last quarter. FMR LLC increased its stake in shares of Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Pan American Silver in the 4th quarter worth $24,083,000. Finally, Hsbc Holdings PLC increased its stake in shares of Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock worth $26,300,000 after purchasing an additional 1,135,839 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.