Pan American Silver Corp. (TSE:PAAS) Given Average Recommendation of “Buy” by Analysts

Shares of Pan American Silver Corp. (TSE:PAAS) have been given an average rating of “Buy” by the six analysts that are covering the stock, reports. Two analysts have rated the stock with a hold recommendation and four 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 C$46.00.

Several research firms have commented on PAAS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a C$43.00 price objective on shares of Pan American Silver in a report on Wednesday, June 2nd. National Bankshares raised shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$50.00 to C$48.00 in a report on Monday, May 17th. National Bank Financial raised shares of Pan American Silver to an “outperform” rating and dropped their price objective for the company from C$50.00 to C$48.00 in a report on Monday, May 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Pan American Silver from C$52.00 to C$49.00 and set an “overweight” rating on the stock in a report on Friday, May 14th.

Shares of TSE:PAAS traded down C$0.50 during midday trading on Friday, reaching C$38.58. The company had a trading volume of 138,758 shares, compared to its average volume of 514,906. The stock has a 50 day simple moving average of C$40.61. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.06 and a current ratio of 2.58. The stock has a market capitalization of C$8.11 billion and a PE ratio of 27.17. Pan American Silver has a 52-week low of C$33.86 and a 52-week high of C$53.30.

The company also recently declared a quarterly dividend, which was paid on Monday, June 7th. Stockholders of record on Monday, June 7th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, May 21st. Pan American Silver’s payout ratio is 16.90%.

In other news, Senior Officer Christopher Emerson sold 2,217 shares of the stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of C$42.96, for a total value of C$95,242.32. Following the sale, the insider now directly owns 22,777 shares of the company’s stock, valued at C$978,499.92.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Pas Corp, and Navidad mines.

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Analyst Recommendations for Pan American Silver (TSE:PAAS)

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