Pan American Silver (NYSE:PAAS) Trading Down 3.5%

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS fell 3.5% during trading on Friday . The stock traded as low as $21.56 and last traded at $21.57. 1,250,353 shares were traded during mid-day trading, a decline of 70% from the average session volume of 4,148,622 shares. The stock had previously closed at $22.35.

Wall Street Analyst Weigh In

A number of research firms recently commented on PAAS. Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. CIBC increased their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Scotiabank boosted their price target on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Finally, Jefferies Financial Group lowered their price target on Pan American Silver from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus target price of $24.64.

Pan American Silver Stock Down 4.0 %

The company's fifty day simple moving average is $20.74 and its 200 day simple moving average is $19.84. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results 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). The firm had revenue of $686.30 million during the quarter, compared to analysts' expectations of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 EPS. Sell-side analysts predict that Pan American Silver Corp. will post 0.61 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 1.86%. The ex-dividend date was Monday, August 19th. Pan American Silver's dividend payout ratio is presently -86.96%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake 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 valued at $701,016,000 after buying an additional 653,064 shares during the last quarter. Vanguard Group Inc. boosted its stake in Pan American Silver by 1.2% in the 1st 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 in the last quarter. Tidal Investments LLC grew its position in 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 valued at $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Mackenzie Financial Corp increased its stake in 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 valued at $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. Finally, Sprott Inc. raised its holdings in Pan American Silver by 3.7% in the fourth quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company's stock worth $49,746,000 after buying an additional 107,965 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Company Profile

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.