Pan American Silver Corp. (NYSE:PAAS) Receives $22.25 Average PT from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $23.92.

Several research firms recently commented on PAAS. Jefferies Financial Group increased their target price on Pan American Silver from $19.00 to $22.00 and gave the company a “hold” rating in a report on Friday. Scotiabank upped their price objective on shares of Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 23rd. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. CIBC upped their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAAS. Perritt Capital Management Inc. increased its stake in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC increased its stake in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. CVA Family Office LLC acquired a new stake in Pan American Silver during the fourth quarter worth approximately $46,000. Parkside Financial Bank & Trust boosted its position in Pan American Silver by 455.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 3,000 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its position in Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 1.1 %

Pan American Silver stock opened at $23.74 on Wednesday. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $24.14. The stock’s fifty day simple moving average is $20.79 and its 200-day simple moving average is $17.13. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.62 billion, a P/E ratio of -51.61 and a beta of 1.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The business had revenue of $601.40 million for the quarter, compared to analyst estimates of $592.58 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s revenue was up 54.1% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver will post 0.59 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.68%. Pan American Silver’s dividend payout ratio (DPR) 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.