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 an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $32.20.

Several brokerages have recently weighed in on PAAS. CIBC reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Scotiabank decreased their price target on shares of Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th.

Pan American Silver Price Performance

Shares of PAAS opened at $39.18 on Friday. The firm has a market capitalization of $16.54 billion, a PE ratio of 27.02, a PEG ratio of 0.63 and a beta of 0.63. The company’s 50-day moving average is $33.49 and its 200-day moving average is $28.91. Pan American Silver has a fifty-two week low of $19.80 and a fifty-two week high of $40.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts forecast that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver’s dividend payout ratio is currently 33.10%.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its stake in Pan American Silver by 5.5% during the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock worth $257,000 after buying an additional 475 shares in the last quarter. CWM LLC grew its stake in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after buying an additional 550 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after buying an additional 594 shares in the last quarter. Kiker Wealth Management LLC grew its stake in Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after buying an additional 600 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Pan American Silver by 25.8% during the second quarter. NewEdge Advisors LLC now owns 3,050 shares of the basic materials company’s stock worth $87,000 after buying an additional 625 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.