Pan American Silver (NYSE:PAAS) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research note published on Sunday morning.

Several other research firms have also weighed in on PAAS. Royal Bank of Canada upped their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Price Performance

Shares of PAAS stock opened at $22.60 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The business has a 50 day simple moving average of $22.56 and a 200 day simple moving average of $21.51.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

Institutional Trading of Pan American Silver

Several institutional investors and hedge funds have recently modified their holdings of PAAS. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $32,000. Sanctuary Advisors LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at $257,000. Virtu Financial LLC raised its holdings in Pan American Silver by 23.9% during the third quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock worth $770,000 after buying an additional 7,114 shares during the last quarter. Barclays PLC grew its holdings in shares of Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 37,480 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Pan American Silver by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 128,558 shares of the basic materials company’s stock valued at $2,683,000 after acquiring an additional 9,887 shares in the last quarter. 55.43% of the stock is currently owned by 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.