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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.00.

Several analysts have recently weighed in on the stock. Scotiabank lifted their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a report on Monday. TD Securities dropped their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Finally, CIBC decreased their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th.

Institutional Trading of Pan American Silver

A number of institutional investors have recently made changes to their positions in PAAS. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.4% in the third quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company’s stock worth $186,627,000 after acquiring an additional 183,681 shares during the period. Ingalls & Snyder LLC lifted its position in shares of Pan American Silver by 14.1% during the 4th quarter. Ingalls & Snyder LLC now owns 1,609,577 shares of the basic materials company’s stock valued at $26,284,000 after buying an additional 199,479 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $751,000. B. Riley Wealth Advisors Inc. boosted its holdings in Pan American Silver by 98.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 184,662 shares of the basic materials company’s stock valued at $2,674,000 after acquiring an additional 91,488 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Pan American Silver by 58.5% during the 3rd quarter. Deutsche Bank AG now owns 620,946 shares of the basic materials company’s stock valued at $8,991,000 after acquiring an additional 229,223 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $18.97 on Friday. Pan American Silver has a 12 month low of $12.16 and a 12 month high of $20.60. The firm has a fifty day simple moving average of $15.37 and a 200 day simple moving average of $14.96. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of -63.23, a PEG ratio of 2.36 and a beta of 1.44. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s dividend payout ratio is currently -133.33%.

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.