Pan American Silver (NYSE:PAAS) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities analysts also recently weighed in on PAAS. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday. Bank of America reduced their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Zacks Research cut Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group dropped their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Up 0.2%

Shares of NYSE:PAAS opened at $47.41 on Friday. Pan American Silver has a fifty-two week low of $30.59 and a fifty-two week high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $45.95 and its 200-day simple moving average is $53.19. The company has a market cap of $19.77 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 4.10 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.28%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.43 EPS. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, equities research analysts predict that Pan American Silver will post 4.11 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a $0.184 dividend. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. Pan American Silver’s payout ratio is presently 21.75%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after buying an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after purchasing an additional 360,283 shares during the period. Empowered Funds LLC acquired a new position in shares of Pan American Silver in the 1st quarter valued at about $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.