Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $68.00

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $68.00.

Several equities analysts recently commented on PAAS shares. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th.

Pan American Silver Trading Up 3.6%

PAAS stock opened at $48.22 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The company’s 50-day simple moving average is $55.03 and its 200 day simple moving average is $54.82. Pan American Silver has a 52 week low of $26.76 and a 52 week high of $69.99. The company has a market capitalization of $20.32 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pan American Silver will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. Pan American Silver’s dividend payout ratio is 23.15%.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently bought and sold shares of the company. Rathbones Group PLC grew its stake in Pan American Silver by 13.3% during the first quarter. Rathbones Group PLC now owns 70,914 shares of the basic materials company’s stock worth $3,872,000 after buying an additional 8,336 shares in the last quarter. Parallel Advisors LLC grew its stake in Pan American Silver by 103.1% during the first quarter. Parallel Advisors LLC now owns 1,310 shares of the basic materials company’s stock worth $72,000 after buying an additional 665 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in Pan American Silver during the first quarter worth about $183,000. BankChampaign National Association acquired a new stake in Pan American Silver during the first quarter worth about $2,451,000. Finally, Groupe la Francaise grew its stake in Pan American Silver by 63.9% during the first quarter. Groupe la Francaise now owns 340,000 shares of the basic materials company’s stock worth $18,539,000 after buying an additional 132,500 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.