Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) – Analysts at B. Riley lifted their Q1 2018 EPS estimates for Pan American Silver in a note issued to investors on Tuesday. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $0.27 per share for the quarter, up from their prior estimate of $0.19. B. Riley currently has a “Buy” rating and a $20.00 price target on the stock. B. Riley also issued estimates for Pan American Silver’s Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.92 EPS and FY2020 earnings at $0.93 EPS.
A number of other research firms also recently issued reports on PAAS. Scotiabank set a $21.00 price target on Pan American Silver and gave the company a “buy” rating in a research note on Monday, January 8th. Royal Bank of Canada set a $22.00 price target on Pan American Silver and gave the company a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, January 25th. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a research note on Wednesday, February 21st. Finally, Citigroup upgraded Pan American Silver to an “outperform” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $21.32.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.14 annualized dividend and a dividend yield of 0.92%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.03. Pan American Silver’s dividend payout ratio (DPR) is currently 12.66%.
Several institutional investors have recently bought and sold shares of PAAS. Cerebellum GP LLC bought a new position in shares of Pan American Silver during the 4th quarter worth approximately $126,000. SG Americas Securities LLC bought a new position in shares of Pan American Silver during the 4th quarter worth approximately $131,000. Alliancebernstein L.P. bought a new position in shares of Pan American Silver during the 2nd quarter worth approximately $170,000. Quantbot Technologies LP bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $177,000. Finally, Virtu Financial LLC bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $178,000. 50.26% of the stock is currently owned by hedge funds and other institutional investors.
About Pan American Silver
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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