Pan American Silver Corp. (NYSE:PAAS) Receives $25.92 Consensus Price Target from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus recommendation of “Moderate Buy” from the three ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $27.60.

Several research firms recently issued reports on PAAS. Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st.

Institutional Trading of Pan American Silver

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after acquiring an additional 2,328,306 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company’s stock worth $283,385,000 after purchasing an additional 221,561 shares in the last quarter. FIL Ltd boosted its position in shares of Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company’s stock worth $270,848,000 after purchasing an additional 584,017 shares in the last quarter. Norges Bank bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $91,916,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Pan American Silver by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company’s stock worth $63,658,000 after purchasing an additional 486,622 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Up 0.8 %

NYSE PAAS opened at $24.63 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The stock has a market capitalization of $8.92 billion, a PE ratio of 76.96 and a beta of 1.28. Pan American Silver has a 1 year low of $12.19 and a 1 year high of $26.05. The business’s 50-day moving average is $22.40 and its 200 day moving average is $22.01.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results 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. The company had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Sell-side analysts forecast that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.62%. Pan American Silver’s payout ratio is 125.00%.

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.