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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.64.

PAAS has been the subject of a number of recent analyst reports. CIBC lifted their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 16th. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group dropped their target price on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, September 13th.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in Pan American Silver by 83.5% during the second quarter. Cetera Investment Advisers now owns 190,452 shares of the basic materials company’s stock worth $3,786,000 after acquiring an additional 86,673 shares during the last quarter. Truist Financial Corp purchased a new position in Pan American Silver during the second quarter worth about $997,000. B. Riley Wealth Advisors Inc. raised its stake in Pan American Silver by 13.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 209,234 shares of the basic materials company’s stock worth $4,160,000 after purchasing an additional 24,572 shares during the period. Creative Planning raised its stake in Pan American Silver by 45.5% during the second quarter. Creative Planning now owns 29,953 shares of the basic materials company’s stock worth $595,000 after purchasing an additional 9,369 shares during the period. Finally, Driehaus Capital Management LLC purchased a new position in Pan American Silver during the second quarter worth about $38,116,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Up 1.6 %

Shares of Pan American Silver stock opened at $21.35 on Monday. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The firm has a fifty day moving average price of $20.89 and a 200 day moving average price of $19.61. The stock has a market cap of $7.75 billion, a PE ratio of -46.41 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. During the same period in the previous year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Pan American Silver will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. Pan American Silver’s payout ratio is presently -86.96%.

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.