Pan American Silver (NYSE:PAAS) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other analysts also recently issued reports on PAAS. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank lifted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Pan American Silver has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Trading Up 1.4 %

Shares of Pan American Silver stock opened at $25.96 on Wednesday. The company’s 50-day moving average price is $24.69 and its 200-day moving average price is $22.96. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 81.13 and a beta of 1.25. Pan American Silver has a 12-month low of $15.86 and a 12-month high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, equities analysts expect that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Institutional Trading of Pan American Silver

A number of institutional investors have recently made changes to their positions in PAAS. Wellington Management Group LLP raised its holdings in Pan American Silver by 191.0% during the 4th quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company’s stock valued at $3,394,000 after buying an additional 110,170 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pan American Silver by 143.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,163 shares of the basic materials company’s stock worth $630,000 after purchasing an additional 18,343 shares during the period. PKO Investment Management Joint Stock Co bought a new stake in shares of Pan American Silver in the fourth quarter worth about $3,365,000. Pullen Investment Management LLC raised its position in Pan American Silver by 40.8% during the 4th quarter. Pullen Investment Management LLC now owns 86,748 shares of the basic materials company’s stock valued at $1,754,000 after purchasing an additional 25,154 shares during the last quarter. Finally, Credit Industriel ET Commercial purchased a new stake in Pan American Silver in the 4th quarter worth approximately $8,537,000. Hedge funds and other institutional investors 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.