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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.93.

A number of research analysts recently issued reports on PAAS shares. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Scotiabank lifted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada upped their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in PAAS. Foundry Partners LLC increased its stake in Pan American Silver by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 320,069 shares of the basic materials company’s stock worth $6,680,000 after buying an additional 59,304 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after acquiring an additional 951 shares during the last quarter. Swiss National Bank increased its position in shares of Pan American Silver by 0.3% during the third quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock worth $22,955,000 after purchasing an additional 3,400 shares in the last quarter. CIBC Asset Management Inc raised its stake in Pan American Silver by 0.3% in the 3rd quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company’s stock valued at $12,510,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in Pan American Silver in the 3rd quarter valued at $685,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $21.67 on Tuesday. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.87 billion, a PE ratio of -127.46 and a beta of 1.33. The company’s 50 day moving average is $21.97 and its 200 day moving average is $21.23.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s payout ratio is currently -235.28%.

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.