Pan American Silver Corp. (NYSE:PAAS) Given Consensus Rating of "Moderate Buy" by Brokerages

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has been assigned an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.42.

PAAS has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors have recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after buying an additional 2,328,306 shares in the last quarter. Mackenzie Financial Corp grew its holdings in 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 worth $62,107,000 after buying an additional 1,056,981 shares in the last quarter. TD Asset Management Inc grew its holdings in 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 worth $43,440,000 after buying an additional 395,589 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in Pan American Silver during the second quarter worth $38,116,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Pan American Silver by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company's stock worth $36,300,000 after buying an additional 27,372 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 2.6 %

PAAS traded down $0.59 during trading on Friday, hitting $22.17. The company's stock had a trading volume of 2,658,899 shares, compared to its average volume of 3,578,666. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The stock's fifty day moving average price is $22.60 and its 200-day moving average price is $21.53.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver's payout ratio is -235.28%.

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.