Pan American Silver (NYSE:PAAS) Hits New 1-Year High - What's Next?

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS hit a new 52-week high during trading on Monday . The stock traded as high as $25.14 and last traded at $25.14, with a volume of 118782 shares trading hands. The stock had previously closed at $24.41.

Analyst Ratings Changes

A number of research firms recently weighed in on PAAS. CIBC lifted their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Jefferies Financial Group increased their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $24.93.

Pan American Silver Price Performance

The company has a market cap of $9.01 billion, a P/E ratio of -53.93 and a beta of 1.35. The firm's 50-day moving average is $20.93 and its two-hundred day moving average is $20.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The business had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. Analysts anticipate that Pan American Silver Corp. will post 0.64 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Monday, August 19th. Pan American Silver's dividend payout ratio is currently -86.96%.

Institutional Trading of Pan American Silver

A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Pan American Silver by 1.4% in the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock valued at $701,016,000 after acquiring an additional 653,064 shares during the period. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock worth $199,440,000 after purchasing an additional 159,908 shares during the last quarter. Tidal Investments LLC lifted its stake in Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock worth $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock valued at $62,107,000 after buying an additional 1,056,981 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Pan American Silver by 22.1% during the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock valued at $43,440,000 after buying an additional 395,589 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.