Pan American Silver (PAAS) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other brokerages also recently issued reports on PAAS. Scotiabank set a $21.00 price objective on Pan American Silver and gave the stock a buy rating in a research report on Monday, January 8th. Royal Bank of Canada set a $22.00 price objective on Pan American Silver and gave the stock a buy rating in a research report on Tuesday, December 5th. Zacks Investment Research raised Pan American Silver from a hold rating to a buy rating and set a $19.00 price objective for the company in a research report on Thursday, January 25th. TheStreet raised Pan American Silver from a c rating to a b rating in a research report on Wednesday, February 21st. Finally, Canaccord Genuity reissued a buy rating and set a $19.00 price objective on shares of Pan American Silver in a research report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $21.14.

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Shares of PAAS stock opened at $16.07 on Friday. The stock has a market capitalization of $2,482.12, a PE ratio of 20.34, a P/E/G ratio of 5.00 and a beta of 0.28. Pan American Silver has a 52-week low of $13.99 and a 52-week high of $19.56.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.06). The business had revenue of $226.03 million for the quarter, compared to analyst estimates of $212.17 million. Pan American Silver had a return on equity of 5.03% and a net margin of 15.02%. research analysts anticipate that Pan American Silver will post 0.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.87%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is 17.72%.

A number of institutional investors have recently made changes to their positions in the stock. Fore Capital LLC purchased a new position in Pan American Silver during the 4th quarter valued at about $389,000. Millennium Management LLC boosted its holdings in Pan American Silver by 157.4% during the 4th quarter. Millennium Management LLC now owns 4,174,441 shares of the basic materials company’s stock valued at $64,954,000 after acquiring an additional 2,552,381 shares during the period. Raymond James & Associates boosted its holdings in Pan American Silver by 6.4% during the 4th quarter. Raymond James & Associates now owns 109,451 shares of the basic materials company’s stock valued at $1,703,000 after acquiring an additional 6,570 shares during the period. Two Sigma Securities LLC purchased a new position in Pan American Silver during the 4th quarter valued at about $178,000. Finally, Two Sigma Investments LP purchased a new position in Pan American Silver during the 4th quarter valued at about $7,996,000. Institutional investors own 51.48% of the company’s stock.

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Pan American Silver Company Profile

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.

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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