Pan American Silver (NYSE:PAAS) Shares Gap Down to $19.07

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $19.07, but opened at $18.12. Pan American Silver shares last traded at $18.56, with a volume of 1,513,664 shares changing hands.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Scotiabank upped their price target on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. Jefferies Financial Group lifted their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a report on Monday. TD Securities cut their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, StockNews.com downgraded Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Pan American Silver Price Performance

The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $14.90.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $669.60 million for the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, sell-side analysts forecast that Pan American Silver Corp. will post 0.41 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 annualized dividend and a yield of 2.15%. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently modified their holdings of PAAS. Optiver Holding B.V. raised its holdings in Pan American Silver by 90.8% in the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Pan American Silver by 0.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock valued at $2,107,000 after acquiring an additional 857 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Pan American Silver by 0.5% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock worth $2,861,000 after purchasing an additional 900 shares during the period. Stifel Financial Corp increased its holdings in Pan American Silver by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock valued at $2,120,000 after purchasing an additional 1,064 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Pan American Silver by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock worth $3,899,000 after purchasing an additional 1,169 shares in the last quarter. 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.