Pan American Silver Corp. (NYSE:PAAS) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.71.

PAAS has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Bank of America cut their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Scotiabank restated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. grew its holdings in Pan American Silver by 1.5% during the third quarter. TD Waterhouse Canada Inc. now owns 557,233 shares of the basic materials company’s stock worth $25,049,000 after purchasing an additional 7,997 shares during the period. Global Strategic Management Inc. increased its position in Pan American Silver by 8.7% during the third quarter. Global Strategic Management Inc. now owns 150,947 shares of the basic materials company’s stock worth $6,862,000 after buying an additional 12,110 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new stake in Pan American Silver in the third quarter valued at approximately $1,592,000. V Square Quantitative Management LLC acquired a new stake in shares of Pan American Silver in the third quarter valued at approximately $256,000. Finally, Ninety One UK Ltd lifted its position in shares of Pan American Silver by 21.5% in the third quarter. Ninety One UK Ltd now owns 2,727,961 shares of the basic materials company’s stock valued at $124,150,000 after buying an additional 481,873 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

PAAS opened at $44.40 on Tuesday. Pan American Silver has a 52-week low of $33.08 and a 52-week high of $69.99. The firm has a market capitalization of $18.37 billion, a PE ratio of 13.41, a PEG ratio of 4.37 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The business’s 50-day simple moving average is $48.78 and its 200 day simple moving average is $50.08.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, sell-side analysts expect that Pan American Silver will post 3.79 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were given a C$0.18 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver’s payout ratio is 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.