Pan American Silver (NYSE:PAAS) Shares Gap Down – Time to Sell?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) gapped down prior to trading on Friday . The stock had previously closed at $63.29, but opened at $55.12. Pan American Silver shares last traded at $58.3230, with a volume of 3,320,603 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PAAS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Scotiabank lifted their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday. CIBC upped their target price on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $47.83.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a fifty day simple moving average of $51.88 and a 200-day simple moving average of $40.56. The company has a market capitalization of $24.06 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 0.72 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period in the previous year, the business earned $0.32 EPS. Pan American Silver’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s dividend payout ratio is presently 32.37%.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver in the third quarter valued at approximately $36,000. Trust Co. of Vermont acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $48,000. City State Bank raised its stake in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.