Pan American Silver (NYSE:PAAS) Shares Gap Up – Still a Buy?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) shares gapped up prior to trading on Tuesday . The stock had previously closed at $26.70, but opened at $27.37. Pan American Silver shares last traded at $27.08, with a volume of 801,249 shares trading hands.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and cut their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank boosted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.92.

Pan American Silver Stock Up 0.9 %

The stock’s fifty day moving average is $23.58 and its two-hundred day moving average is $22.44. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.76 billion, a P/E ratio of 84.08 and a beta of 1.25.

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

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. Pan American Silver’s dividend payout ratio is presently 125.00%.

Institutional Trading of Pan American Silver

Several institutional investors and hedge funds have recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver in the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the 3rd quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver during the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Pan American Silver during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.