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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.42.

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group raised their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.

Pan American Silver Price Performance

PAAS stock opened at $22.17 on Friday. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05. The company has a market cap of $8.05 billion, a P/E ratio of -130.40 and a beta of 1.28. The firm has a 50-day moving average of $22.59 and a 200 day moving average of $21.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

Hedge Funds Weigh In On Pan American Silver

Large investors have recently made changes to their positions in the company. CWM LLC boosted its position in Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the period. US Bancorp DE raised its holdings in shares of Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after acquiring an additional 951 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $28,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

About Pan American Silver

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.