BMO Capital Markets Raises Pan American Silver (NYSE:PAAS) Price Target to $24.00

Pan American Silver (NYSE:PAASFree Report) (TSE:PAAS) had its price objective raised by BMO Capital Markets from $22.00 to $24.00 in a research note released on Tuesday morning, BayStreet.CA reports.

PAAS has been the subject of several other reports. Jefferies Financial Group increased their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a hold rating in a research note on Monday, April 22nd. Scotiabank raised their target price 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. TD Securities reduced their price objective on Pan American Silver from $18.50 to $17.50 and set a buy rating for the company in a research report on Friday, February 23rd. StockNews.com raised Pan American Silver from a sell rating to a hold rating in a research report on Saturday, May 11th. Finally, CIBC lowered their price objective 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver presently has an average rating of Moderate Buy and a consensus target price of $22.25.

Get Our Latest Research Report on PAAS

Pan American Silver Stock Down 2.3 %

PAAS stock opened at $20.83 on Tuesday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $22.68. The company has a quick ratio of 0.92, a current ratio of 2.11 and a debt-to-equity ratio of 0.16. The stock has a market cap of $7.56 billion, a PE ratio of -45.28, a price-to-earnings-growth ratio of 2.82 and a beta of 1.36. The firm’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $15.66.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The firm had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue was up 54.1% compared to the same quarter last year. As a group, sell-side analysts predict that Pan American Silver will post 0.41 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is currently -86.96%.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. raised its position 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 worth $25,000 after purchasing an additional 812 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Pan American Silver during the 3rd quarter valued at about $46,000. CVA Family Office LLC bought a new position in shares of Pan American Silver in the 4th quarter valued at about $46,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Pan American Silver by 455.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock worth $60,000 after buying an additional 3,000 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Company Profile

(Get Free Report)

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.

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