Pan American Silver (NYSE:PAAS) Price Target Raised to $28.50 at Scotiabank

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price target boosted by Scotiabank from $28.00 to $28.50 in a report published on Tuesday, Marketbeat reports. They currently have a sector outperform rating on the basic materials company’s stock.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.10.

Pan American Silver Stock Down 0.9 %

PAAS stock opened at $24.40 on Tuesday. The firm’s 50-day moving average is $22.45 and its two-hundred day moving average is $22.04. Pan American Silver has a 52 week low of $12.19 and a 52 week high of $26.05. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 76.26 and a beta of 1.28. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data 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 business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver’s dividend payout ratio is 125.00%.

Institutional Trading of Pan American Silver

A number of large investors have recently bought and sold shares of PAAS. Creative Planning increased its stake in Pan American Silver by 10.2% during the 3rd quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock worth $689,000 after purchasing an additional 3,051 shares in the last quarter. Raymond James & Associates increased its stake in Pan American Silver by 10.4% during the 3rd quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock worth $5,203,000 after purchasing an additional 23,543 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Pan American Silver during the 3rd quarter worth approximately $1,659,000. Forsta AP Fonden increased its stake in Pan American Silver by 128.3% during the 3rd quarter. Forsta AP Fonden now owns 85,400 shares of the basic materials company’s stock worth $1,785,000 after purchasing an additional 48,000 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Pan American Silver by 13.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 215,636 shares of the basic materials company’s stock worth $4,520,000 after purchasing an additional 24,867 shares in the last quarter. 55.43% of the stock is owned by 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.