Pan American Silver (NYSE:PAAS) Trading Up 6.3% - Time to Buy?

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS rose 6.3% during mid-day trading on Friday . The stock traded as high as $23.61 and last traded at $23.48. Approximately 1,783,963 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 4,026,980 shares. The stock had previously closed at $22.08.

Analyst Upgrades and Downgrades

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

Pan American Silver Trading Up 10.6 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company has a 50 day simple moving average of $20.93 and a 200 day simple moving average of $20.58.

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

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver's dividend payout ratio is currently -102.56%.

Institutional Investors Weigh In On Pan American Silver

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

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.