Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $24.93

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, 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 12 month target price among analysts that have issued ratings on the stock in the last year is $24.93.

PAAS has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently made changes to their positions in PAAS. Eastern Bank bought a new stake in shares of Pan American Silver during the 3rd quarter worth $28,000. Mark Sheptoff Financial Planning LLC lifted 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 acquiring an additional 1,500 shares during the last quarter. CWM LLC grew its holdings in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the last quarter. Perritt Capital Management Inc. increased its position in Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in Pan American Silver by 73.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

PAAS opened at $21.87 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of -128.64 and a beta of 1.33. The business’s 50-day moving average price is $22.13 and its two-hundred day moving average price is $21.26. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is currently -235.28%.

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.