Pan American Silver Corp. (NYSE:PAAS) Stock Has Consensus Price Target of $67.71 According to Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $67.71.

A number of brokerages have recently commented on PAAS. Bank of America reduced their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada dropped their price objective on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th.

Pan American Silver Stock Up 0.9%

Shares of PAAS opened at $44.18 on Tuesday. The stock has a 50 day moving average price of $48.93 and a 200 day moving average price of $50.16. Pan American Silver has a one year low of $33.08 and a one year high of $69.99. 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 stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.35 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities research analysts forecast that Pan American Silver will post 3.79 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a C$0.18 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. Pan American Silver’s dividend payout ratio is 22.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Pan American Silver in the second quarter valued at approximately $375,948,000. The Manufacturers Life Insurance Company acquired a new position in Pan American Silver during the second quarter worth $145,312,000. Canada Pension Plan Investment Board acquired a new position in Pan American Silver during the second quarter worth $138,282,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Pan American Silver during the second quarter worth $130,636,000. Finally, Legal & General Group Plc acquired a new position in Pan American Silver during the second quarter worth $106,698,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

About Pan American Silver

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.