Jefferies Financial Group Boosts Pan American Silver (NYSE:PAAS) Price Target to $17.00

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective hoisted by Jefferies Financial Group from $14.00 to $17.00 in a research note released on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on Pan American Silver from $27.00 to $22.00 and set an outperform rating on the stock in a research note on Thursday, January 18th. Scotiabank raised their price objective on Pan American Silver from $19.50 to $20.00 and gave the stock a sector outperform rating in a research note on Monday, April 8th. TD Securities decreased their price target on Pan American Silver from $18.50 to $17.50 and set a buy rating on the stock in a research note on Friday, February 23rd. CIBC decreased their price target on Pan American Silver from $28.00 to $27.50 and set an outperform rating on the stock in a research note on Wednesday, February 7th. Finally, StockNews.com lowered Pan American Silver from a hold rating to a sell rating in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of Moderate Buy and a consensus target price of $21.00.

Pan American Silver Price Performance

Pan American Silver stock opened at $18.63 on Monday. The stock’s fifty day moving average price is $15.25 and its two-hundred day moving average price is $14.93. Pan American Silver has a one year low of $12.16 and a one year high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm has a market cap of $6.77 billion, a PE ratio of -62.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The company had revenue of $669.60 million for the quarter, compared to the consensus estimate of $657.65 million. During the same quarter last year, the business earned ($0.02) EPS. As a group, research analysts expect that Pan American Silver will post 0.41 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.15%. Pan American Silver’s dividend payout ratio is currently -133.33%.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently bought and sold shares of PAAS. Van ECK Associates Corp grew its position in Pan American Silver by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock worth $748,460,000 after acquiring an additional 4,842,547 shares during the last quarter. Norges Bank bought a new stake in Pan American Silver during the 4th quarter worth $63,066,000. The Manufacturers Life Insurance Company grew its position in Pan American Silver by 71.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,889,808 shares of the basic materials company’s stock worth $30,899,000 after acquiring an additional 786,525 shares during the last quarter. American Century Companies Inc. grew its position in Pan American Silver by 104.5% during the 3rd quarter. American Century Companies Inc. now owns 1,207,185 shares of the basic materials company’s stock worth $17,479,000 after acquiring an additional 616,804 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Pan American Silver by 108.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,103,283 shares of the basic materials company’s stock worth $16,084,000 after acquiring an additional 573,843 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

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.