Pan American Silver Corp. (NYSE:PAAS) Receives $27.92 Average PT from Brokerages

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

A number of research firms recently weighed in on PAAS. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada increased their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and reduced their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Scotiabank increased their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th.

Pan American Silver Stock Performance

NYSE PAAS opened at $25.73 on Monday. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 80.42 and a beta of 1.25. Pan American Silver has a twelve month low of $13.79 and a twelve month high of $27.47. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $23.97 and a 200 day moving average of $22.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Sell-side analysts anticipate that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

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

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently made changes to their positions in PAAS. Norges Bank purchased a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $91,916,000. FMR LLC grew its position in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Pan American Silver in the fourth quarter worth approximately $24,083,000. Hsbc Holdings PLC grew its position in Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock worth $26,300,000 after acquiring an additional 1,135,839 shares during the period. Finally, Renaissance Technologies LLC grew its position in Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company’s stock worth $30,295,000 after acquiring an additional 784,906 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

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.