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

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.42.

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised their target price 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. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $22.44 on Friday. The firm has a 50-day simple moving average of $21.65 and a 200-day simple moving average of $21.70. 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 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 52 week low of $12.16 and a 52 week high of $26.05.

Pan American Silver Announces Dividend

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

Institutional Trading of Pan American Silver

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after buying an additional 951 shares during the period. Eastern Bank acquired a new position in shares of Pan American Silver in the third quarter worth $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the fourth quarter worth $30,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the third quarter worth $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

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.