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

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.60.

A number of brokerages have recently issued reports on PAAS. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Scotiabank increased their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd.

Institutional Trading of Pan American Silver

A number of hedge funds have recently made changes to their positions in PAAS. Parallel Advisors LLC lifted its holdings in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver during the fourth quarter valued at $34,000. Rothschild Investment LLC bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $36,000. City State Bank lifted its holdings in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 435 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $54.59 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $58.33 and a 200-day simple moving average of $48.60. The company has a market cap of $23.03 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 0.42 and a beta of 0.62. Pan American Silver has a 12-month low of $20.55 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, equities analysts forecast that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio (DPR) is presently 28.80%.

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.