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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $25.42.

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

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $20.22 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.34 billion, a PE ratio of -118.93 and a beta of 1.28. The firm has a fifty day simple moving average of $22.43 and a 200 day simple moving average of $21.58. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.98%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is -235.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Pan American Silver by 366.9% in the second quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company’s stock worth $31,831,000 after acquiring an additional 1,258,205 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Pan American Silver by 153.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 52,007 shares of the basic materials company’s stock valued at $1,034,000 after buying an additional 31,515 shares in the last quarter. Signaturefd LLC lifted its position in Pan American Silver by 11.6% in the 2nd 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. Commonwealth Equity Services LLC boosted its stake in Pan American Silver by 3.4% in the second quarter. Commonwealth Equity Services LLC now owns 99,258 shares of the basic materials company’s stock worth $1,973,000 after buying an additional 3,231 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in Pan American Silver by 27.2% during the second quarter. Banque Cantonale Vaudoise now owns 11,830 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 2,533 shares during the last quarter. 55.43% of the stock is currently owned by 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.