Pan American Silver Corp. (NYSE:PAAS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $52.1667.

Several equities research analysts have recently commented on the company. Jefferies Financial Group reduced their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Scotiabank lifted their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st.

Pan American Silver Price Performance

NYSE PAAS opened at $58.99 on Thursday. The company has a 50-day moving average price of $53.82 and a 200-day moving average price of $42.01. Pan American Silver has a 52 week low of $20.55 and a 52 week high of $69.99. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $24.89 billion, a P/E ratio of 34.10, a PEG ratio of 0.58 and a beta of 0.66.

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

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is 32.37%.

Institutional Investors Weigh In On Pan American Silver

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Pan American Silver by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC bought a new position in Pan American Silver during the first quarter valued at approximately $1,272,000. Finally, Janney Montgomery Scott LLC boosted its stake in Pan American Silver by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 45,551 shares of the basic materials company’s stock valued at $1,294,000 after buying an additional 1,898 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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.