Analysts Set Pan American Silver Corp. (NYSE:PAAS) Price Target at $44.33

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.3333.

PAAS has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. CIBC lifted their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Bank of America boosted their price target on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a report on Sunday, December 7th. Finally, Scotiabank boosted their target price 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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAAS. Van ECK Associates Corp grew its position in Pan American Silver by 51.8% during the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 21.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after acquiring an additional 3,006,055 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Pan American Silver by 38.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after purchasing an additional 4,037,311 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after purchasing an additional 882,135 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Pan American Silver by 5,674.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after purchasing an additional 6,034,755 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded down $0.76 during mid-day trading on Friday, reaching $55.12. The company had a trading volume of 7,881,307 shares, compared to its average volume of 5,662,476. Pan American Silver has a one year low of $20.55 and a one year high of $57.19. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $47.62 and its 200-day moving average price is $38.59. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 0.34 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. During the same period in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.14 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s payout ratio is currently 32.37%.

Pan American Silver Company Profile

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.