Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Price Target at $27.92

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has been given an average rating of "Moderate Buy" by the four research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.92.

PAAS has been the topic of a number of research analyst reports. Scotiabank increased their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Tuesday, February 25th. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th.

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Institutional Investors Weigh In On Pan American Silver

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 0.3 %

PAAS traded down $0.09 during trading on Monday, reaching $26.44. 1,547,130 shares of the stock traded hands, compared to its average volume of 3,817,926. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $9.57 billion, a PE ratio of 82.50 and a beta of 1.25. The stock's 50-day moving average is $23.79 and its 200 day moving average is $22.51. Pan American Silver has a 12 month low of $13.52 and a 12 month high of $27.47.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Equities analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.51%. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

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.