Pan American Silver (NYSE:PAAS) Price Target Lowered to $26.00 at TD Securities

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective decreased by TD Securities from $30.00 to $26.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the basic materials company’s stock.

PAAS has been the topic of a number of other reports. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a “market perform” rating on the stock. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. CIBC lifted their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a research report on Thursday, May 8th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Pan American Silver Price Performance

PAAS opened at $22.83 on Tuesday. The company’s 50 day simple moving average is $25.19 and its 200 day simple moving average is $23.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver has a 1 year low of $17.86 and a 1 year high of $28.60. The stock has a market capitalization of $8.27 billion, a PE ratio of 71.35 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Pan American Silver’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, sell-side analysts expect that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. Pan American Silver’s dividend payout ratio is currently 45.98%.

Institutional Trading of Pan American Silver

A number of hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its stake in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE increased its stake in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after buying an additional 539 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after buying an additional 549 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock worth $121,000 after buying an additional 664 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock worth $611,000 after buying an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.