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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned an average rating of “Moderate Buy” from the four research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.92.

A number of research firms have issued reports on PAAS. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Scotiabank lifted their price target on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th.

Pan American Silver Stock Performance

Shares of PAAS opened at $25.73 on Monday. 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 50-day moving average of $23.97 and a 200-day moving average of $22.62. The company has a market cap of $9.32 billion, a PE ratio of 80.42 and a beta of 1.25. Pan American Silver has a one year low of $13.91 and a one year high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, equities research analysts predict that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Pan American Silver’s dividend payout ratio is currently 125.00%.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds have recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $32,000. 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.