Pan American Silver Corp. (NYSE:PAAS) Receives $25.92 Consensus Price Target from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have earned a consensus rating of "Moderate Buy" from the four brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.92.

PAAS has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st.

Institutional Investors Weigh In On Pan American Silver

Hedge funds have recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the fourth quarter valued at about $27,000. Eastern Bank acquired a new position in Pan American Silver in the third quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver in the third quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE:PAAS traded down $0.48 during trading hours on Thursday, reaching $25.02. 1,956,088 shares of the company were exchanged, compared to its average volume of 2,957,095. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $22.30 and its 200-day moving average is $21.90. The firm has a market cap of $9.06 billion, a PE ratio of 78.19 and a beta of 1.28. Pan American Silver has a twelve month low of $12.19 and a twelve month high of $26.05.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.17%. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. On average, sell-side analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.

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.