Pan American Silver (NYSE:PAAS) Raised to “Hold” at StockNews.com

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

Several other equities research analysts also recently issued reports on the company. Jefferies Financial Group upped their price target on Pan American Silver from $14.00 to $17.00 and gave the stock a hold rating in a report on Monday, April 22nd. TD Securities dropped their price target on shares of Pan American Silver from $18.50 to $17.50 and set a buy rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets cut their price target on shares of Pan American Silver from $27.00 to $22.00 and set an outperform rating on the stock in a report on Thursday, January 18th. Scotiabank lifted their target price 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. Finally, CIBC cut their target price on Pan American Silver from $28.00 to $27.50 and set an outperform rating on the stock in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $21.00.

Pan American Silver Stock Performance

PAAS opened at $18.25 on Wednesday. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $20.60. The company has a market cap of $6.63 billion, a price-to-earnings ratio of -60.82, a PEG ratio of 2.53 and a beta of 1.37. The company’s fifty day moving average price is $15.94 and its two-hundred day moving average price is $15.11. 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 announced its quarterly earnings results 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). The business had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same period in the previous year, the business posted ($0.02) EPS. On average, analysts expect that Pan American Silver will post 0.38 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s dividend payout ratio is currently -133.33%.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds have recently modified their holdings of PAAS. Marlin Sams Capital Management LLC increased its position in Pan American Silver by 5.7% in the first quarter. Marlin Sams Capital Management LLC now owns 370,000 shares of the basic materials company’s stock worth $5,580,000 after buying an additional 20,000 shares during the last quarter. Pullen Investment Management LLC bought a new position in shares of Pan American Silver during the 1st quarter worth $767,000. StoneX Group Inc. increased its holdings in Pan American Silver by 14.9% in the 1st quarter. StoneX Group Inc. now owns 12,191 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 1,579 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Pan American Silver by 20.9% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 28,451 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 4,916 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after purchasing an additional 653,064 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

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.