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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given an average recommendation of “Moderate Buy” by the four analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $25.42.

Several research firms have recently weighed in on PAAS. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th.

Institutional Trading of Pan American Silver

Several large investors have recently made changes to their positions in PAAS. DAVENPORT & Co LLC grew its holdings in Pan American Silver by 12.9% in the fourth quarter. DAVENPORT & Co LLC now owns 69,384 shares of the basic materials company’s stock valued at $1,403,000 after purchasing an additional 7,911 shares during the period. True North Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at $323,000. Janney Montgomery Scott LLC raised its position in Pan American Silver by 23.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,824 shares of the basic materials company’s stock worth $947,000 after acquiring an additional 8,862 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at about $32,000. Finally, Builder Investment Group Inc. ADV increased its stake in shares of Pan American Silver by 0.7% during the fourth quarter. Builder Investment Group Inc. ADV now owns 259,074 shares of the basic materials company’s stock worth $5,238,000 after purchasing an additional 1,700 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 2.8 %

Shares of NYSE PAAS opened at $22.44 on Friday. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -131.97 and a beta of 1.27. Pan American Silver has a 12-month low of $12.16 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’s 50-day moving average price is $21.65 and its 200-day moving average price is $21.70.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. Pan American Silver’s payout ratio is -235.28%.

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.