Pan American Silver (NYSE:PAAS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also recently issued reports on PAAS. Jefferies Financial Group reduced 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. Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Up 1.6%

NYSE:PAAS opened at $48.19 on Friday. 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 company has a market capitalization of $20.10 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 4.10 and a beta of 0.73. Pan American Silver has a one year low of $30.59 and a one year high of $69.99. The stock has a 50-day simple moving average of $45.97 and a 200 day simple moving average of $52.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.Pan American Silver’s revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Sell-side analysts predict that Pan American Silver will post 4.11 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be given a dividend of $0.184 per share. The ex-dividend date is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.5%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is presently 21.75%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Veracity Capital LLC lifted its stake in Pan American Silver by 1.9% in the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after buying an additional 185 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of Pan American Silver by 2.5% in the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 191 shares during the period. Grand Central Investment Group increased its holdings in shares of Pan American Silver by 0.5% in the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock worth $2,447,000 after acquiring an additional 211 shares during the period. Metis Global Partners LLC lifted its position in Pan American Silver by 1.5% in the 4th quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock valued at $863,000 after purchasing an additional 239 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in Pan American Silver by 7.8% in the 1st quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 251 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

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.