Analysts Set Pan American Silver Corp. (NYSE:PAAS) PT at $68.00

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $70.4286.

Several research firms have recently issued reports on PAAS. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Jefferies Financial Group dropped their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently bought and sold shares of PAAS. Van ECK Associates Corp boosted its holdings in shares of Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after purchasing an additional 15,405,762 shares during the last quarter. Norges Bank purchased a new position in Pan American Silver in the 4th quarter worth approximately $303,611,000. FIL Ltd boosted its holdings in Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the period. Capital International Investors acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $215,484,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after acquiring an additional 4,037,311 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 1.0%

Shares of PAAS traded down $0.42 on Friday, hitting $43.70. 2,953,041 shares of the stock traded hands, compared to its average volume of 4,483,336. Pan American Silver has a 1 year low of $26.76 and a 1 year high of $69.99. The stock’s 50 day moving average is $51.07 and its two-hundred day moving average is $54.84. The firm has a market capitalization of $18.35 billion, a P/E ratio of 14.05, a P/E/G ratio of 3.79 and a beta of 0.72. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. As a group, sell-side analysts predict that Pan American Silver will post 4.31 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

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.