Pan American Silver (NYSE:PAAS) Research Coverage Started at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) in a report published on Wednesday morning, Marketbeat.com reports. The brokerage issued a market perform rating on the basic materials company’s stock.

Other analysts have also issued research reports about the company. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, Scotiabank upped their price target on shares of Pan American Silver from $28.50 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.50.

Pan American Silver Price Performance

NYSE:PAAS opened at $27.20 on Wednesday. The stock has a market capitalization of $9.85 billion, a PE ratio of 85.00 and a beta of 1.06. Pan American Silver has a 1-year low of $17.86 and a 1-year high of $28.60. The firm has a fifty day simple moving average of $25.05 and a 200 day simple moving average of $23.27. The company has a current ratio of 2.50, a quick ratio of 0.96 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, research analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver during the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth $30,000. Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver in the third quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver during the fourth quarter worth about $32,000. 55.43% of the stock is owned by institutional investors.

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.