Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have earned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $28.50.

A number of brokerages recently commented on PAAS. Royal Bank of Canada increased their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, Scotiabank raised their price target on Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PAAS. Signaturefd LLC raised its stake in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE grew its position in Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after buying an additional 539 shares during the period. Jones Financial Companies Lllp raised its holdings in Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after purchasing an additional 549 shares during the period. Principal Securities Inc. lifted its position in shares of Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 715 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE:PAAS traded up $0.08 during trading hours on Friday, hitting $27.26. 2,115,497 shares of the stock traded hands, compared to its average volume of 3,726,587. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 85.19 and a beta of 1.06. Pan American Silver has a 1 year low of $17.86 and a 1 year high of $27.63. The stock has a 50 day moving average price of $24.83 and a 200 day moving average price of $23.13. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 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.