Pan American Silver (NYSE:PAAS) Rating Lowered to "Hold" at StockNews.com

StockNews.com lowered shares of Pan American Silver (NYSE:PAAS - Free Report) TSE: PAAS from a buy rating to a hold rating in a research report report published on Wednesday.

PAAS has been the subject of a number of other reports. Royal Bank of Canada boosted 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. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Scotiabank upped their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.92.

Pan American Silver Price Performance

Shares of PAAS traded up $0.17 during midday trading on Wednesday, hitting $21.66. 2,623,454 shares of the company traded hands, compared to its average volume of 3,805,299. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver has a 52 week low of $17.55 and a 52 week high of $27.47. The firm has a 50 day moving average of $24.72 and a 200-day moving average of $23.00. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 67.65 and a beta of 1.06.

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

Pan American Silver Announces Dividend

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. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

Institutional Trading of Pan American Silver

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after acquiring an additional 221,561 shares during the last quarter. FIL Ltd increased its holdings in Pan American Silver by 4.6% in the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after buying an additional 584,017 shares during the last quarter. Norges Bank acquired a new stake in Pan American Silver in the fourth quarter valued at $91,916,000. Ameriprise Financial Inc. lifted its holdings in Pan American Silver by 18.3% during the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock worth $63,658,000 after buying an additional 486,622 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after acquiring an additional 494,133 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.