Pan American Silver (NYSE:PAAS) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a sell rating to a hold rating in a report released on Wednesday morning.

Several other research analysts also recently weighed in on PAAS. TD Securities cut their target price on shares of Pan American Silver from $18.50 to $17.50 and set a buy rating for the company in a research note on Friday, February 23rd. BMO Capital Markets cut their target price on shares of Pan American Silver from $27.00 to $22.00 and set an outperform rating for the company in a research note on Thursday, January 18th. Scotiabank boosted their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the company a sector outperform rating in a research note on Monday, April 8th. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the company a hold rating in a research note on Monday, April 22nd. Finally, CIBC dropped their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an outperform rating for the company in a research note on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $21.00.

Pan American Silver Price Performance

Pan American Silver stock opened at $18.57 on Wednesday. Pan American Silver has a 52 week low of $12.16 and a 52 week high of $20.60. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $15.72 and its 200 day simple moving average is $15.06.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same period in the previous year, the firm posted ($0.02) EPS. On average, equities analysts predict that Pan American Silver will post 0.38 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s payout ratio is currently -133.33%.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. boosted its holdings in Pan American Silver by 90.8% in the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 812 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Pan American Silver by 0.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock worth $2,107,000 after acquiring an additional 857 shares during the period. Mn Services Vermogensbeheer B.V. boosted its holdings in Pan American Silver by 0.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock worth $2,861,000 after acquiring an additional 900 shares during the period. Stifel Financial Corp boosted its holdings in Pan American Silver by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock worth $2,120,000 after acquiring an additional 1,064 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Pan American Silver by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock worth $3,899,000 after acquiring an additional 1,169 shares during the period. 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.