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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned an average rating of “Moderate Buy” from the four brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.92.

Several research firms have weighed in on PAAS. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank boosted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st.

Institutional Trading of Pan American Silver

Several large investors have recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver during the third quarter worth $32,000. Decker Retirement Planning Inc. purchased a new stake in Pan American Silver during the fourth quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the fourth quarter worth $32,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 0.7 %

NYSE PAAS opened at $25.77 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market cap of $9.33 billion, a PE ratio of 80.52 and a beta of 1.25. The company has a 50 day moving average price of $23.46 and a 200 day moving average price of $22.39. Pan American Silver has a 52 week low of $13.52 and a 52 week high of $26.13.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts forecast that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

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.