Pan American Silver (NYSE:PAAS) Shares Gap Up - What's Next?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's share price gapped up prior to trading on Tuesday . The stock had previously closed at $26.70, but opened at $27.37. Pan American Silver shares last traded at $27.08, with a volume of 801,249 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PAAS shares. Scotiabank upped 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 downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of "Hold" and a consensus price target of $27.92.

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Pan American Silver Trading Down 2.5 %

The stock has a market cap of $9.32 billion, a PE ratio of 80.42 and a beta of 1.25. The company's 50-day moving average price is $23.97 and its 200 day moving average price is $22.60. 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 (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The company 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, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. purchased a new stake in Pan American Silver in the third quarter valued at approximately $212,000. Swiss National Bank raised its holdings in shares of Pan American Silver by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company's stock valued at $22,955,000 after buying an additional 3,400 shares during the period. Advisors Asset Management Inc. lifted its stake in Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after acquiring an additional 951 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in Pan American Silver during the 3rd quarter valued at about $838,000. Finally, Dynamic Technology Lab Private Ltd grew its position in Pan American Silver by 383.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company's stock valued at $1,216,000 after acquiring an additional 46,224 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

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.