Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of “Moderate Buy” by Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.64.

A number of research firms recently weighed in on PAAS. Scotiabank increased their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. CIBC increased their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Finally, Royal Bank of Canada increased their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,500 shares during the last quarter. CWM LLC raised its holdings in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares during the last quarter. Perritt Capital Management Inc. raised its holdings in shares of Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after buying an additional 2,200 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after buying an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $21.35 on Monday. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $24.27. The firm has a market cap of $7.75 billion, a P/E ratio of -46.41 and a beta of 1.35. The company has a 50 day moving average of $20.89 and a 200 day moving average of $19.61. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same period in the previous year, the firm earned $0.04 EPS. The company’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Pan American Silver will post 0.59 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.87%. Pan American Silver’s dividend payout ratio (DPR) is -86.96%.

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.