Pan American Silver (NYSE:PAAS) Stock Price Up 6.9% – What’s Next?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) shares rose 6.9% during trading on Tuesday . The stock traded as high as $58.26 and last traded at $59.0350. Approximately 2,093,640 shares were traded during trading, a decline of 64% from the average daily volume of 5,878,207 shares. The stock had previously closed at $55.20.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Bank of America boosted their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Pan American Silver Price Performance

The stock has a fifty day moving average of $49.22 and a 200 day moving average of $39.33. The stock has a market cap of $26.03 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 0.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same quarter last year, the company posted $0.32 EPS. Pan American Silver’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s dividend payout ratio is 32.37%.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Pan American Silver during the 4th quarter valued at about $293,000. MH & Associates Securities Management Corp ADV acquired a new stake in Pan American Silver during the fourth quarter worth about $4,820,000. Yousif Capital Management LLC purchased a new position in Pan American Silver during the fourth quarter valued at approximately $218,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its holdings in Pan American Silver by 24.2% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 51,850 shares of the basic materials company’s stock valued at $2,732,000 after acquiring an additional 10,100 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter worth approximately $67,000. 55.43% of the stock is owned by institutional investors and hedge funds.

About Pan American Silver

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.