Pan American Silver Corp. (NYSE:PAAS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.93.

Several research analysts have recently weighed in on PAAS shares. Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th.

Institutional Trading of Pan American Silver

A number of hedge funds and other institutional investors have recently modified their holdings of PAAS. Eastern Bank bought a new position in Pan American Silver in the third quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,500 shares in the last quarter. Perritt Capital Management Inc. increased its holdings in 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 worth $35,000 after buying an additional 1,000 shares during the last quarter. CWM LLC raised its position in Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its stake in Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $22.69 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $22.26 and its 200-day simple moving average is $21.34. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.76%. Pan American Silver’s dividend payout ratio is -235.28%.

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.