Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of “Buy” from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given an average rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.25.

Several brokerages have recently weighed in on PAAS. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Scotiabank increased their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. Finally, National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th.

Institutional Investors Weigh In On Pan American Silver

Large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares in the last quarter. Rothschild Investment LLC purchased a new position in Pan American Silver in the 3rd quarter worth approximately $36,000. City State Bank lifted its stake in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after buying an additional 497 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Pan American Silver by 3,111.4% during the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock traded up $2.72 during trading hours on Friday, hitting $45.31. 7,336,871 shares of the stock traded hands, compared to its average volume of 5,105,005. The firm’s 50 day moving average price is $37.94 and its 200-day moving average price is $32.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The stock has a market capitalization of $19.12 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 0.44 and a beta of 0.63. Pan American Silver has a 1 year low of $19.80 and a 1 year high of $45.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. As a group, equities analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is 32.37%.

About Pan American Silver

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.