Pan American Silver Corp. (NYSE:PAAS) Receives $25.42 Average Target Price from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.42.

A number of analysts recently commented on the company. Jefferies Financial Group raised their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. 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 note on Tuesday, September 10th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAAS. Eastern Bank purchased a new stake in shares of Pan American Silver during the third quarter valued at $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver during the 3rd quarter valued at $32,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,500 shares during the period. US Bancorp DE boosted its position in 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 worth $117,000 after purchasing an additional 660 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Pan American Silver during the third quarter valued at approximately $146,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $20.84 on Wednesday. The stock has a market capitalization of $7.57 billion, a P/E ratio of -122.58 and a beta of 1.28. Pan American Silver has a one year low of $12.16 and a one year high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The business’s 50 day simple moving average is $22.06 and its two-hundred day simple moving average is $21.58.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

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.