Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $20.43.

A number of research analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and set a $17.50 price objective on shares of Pan American Silver Corp. in a research note on Wednesday, September 20th. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research note on Friday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. UBS AG downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a research note on Thursday, September 7th.

Several hedge funds have recently added to or reduced their stakes in PAAS. Wells Fargo & Company MN increased its holdings in shares of Pan American Silver Corp. by 51.6% in the 1st quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock worth $8,726,000 after acquiring an additional 169,511 shares during the period. Swiss National Bank increased its holdings in shares of Pan American Silver Corp. by 1.0% in the 1st quarter. Swiss National Bank now owns 254,600 shares of the basic materials company’s stock worth $4,457,000 after acquiring an additional 2,600 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Pan American Silver Corp. by 65.1% in the 1st quarter. Ameriprise Financial Inc. now owns 140,857 shares of the basic materials company’s stock worth $2,467,000 after acquiring an additional 55,561 shares during the period. Oxford Asset Management acquired a new stake in shares of Pan American Silver Corp. in the 1st quarter worth about $866,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Pan American Silver Corp. in the 1st quarter worth about $164,000. 53.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 0.35% during midday trading on Friday, reaching $17.05. 846,713 shares of the company traded hands. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The firm has a market capitalization of $2.61 billion, a P/E ratio of 21.80 and a beta of 0.23. The company has a 50 day moving average of $17.73 and a 200 day moving average of $17.23.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Pan American Silver Corp. will post $0.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.59%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 12.82%.

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Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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