Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $25.92.

A number of analysts have recently issued reports on PAAS shares. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada lifted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th.

Pan American Silver Price Performance

Pan American Silver stock opened at $24.29 on Thursday. Pan American Silver has a 12-month low of $12.19 and a 12-month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $22.25 and a 200-day moving average price of $21.88. The firm has a market capitalization of $8.82 billion, a PE ratio of -142.84 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.07%. As a group, equities research analysts forecast that Pan American Silver will post 0.78 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Pan American Silver’s payout ratio is currently -235.29%.

Institutional Investors Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver in the fourth quarter valued at about $27,000. Eastern Bank purchased a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver in the 3rd quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver during the 4th quarter valued at approximately $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.