Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's share price gapped up before the market opened on Wednesday . The stock had previously closed at $21.72, but opened at $22.73. Pan American Silver shares last traded at $22.65, with a volume of 1,257,783 shares traded.
Wall Street Analysts Forecast Growth
PAAS has been the subject of several analyst reports. Royal Bank of Canada upped their price objective 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. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Scotiabank upped their price target on shares of Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday. Finally, TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $28.50.
View Our Latest Stock Report on Pan American Silver
Pan American Silver Stock Performance
The firm has a market capitalization of $9.74 billion, a PE ratio of 84.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The business's fifty day simple moving average is $24.79 and its 200-day simple moving average is $23.09.
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 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million during 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%. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. Pan American Silver's dividend payout ratio (DPR) is 125.00%.
Institutional Investors Weigh In On Pan American Silver
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE grew its holdings in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 539 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 stake in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after purchasing an additional 664 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after buying an additional 715 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.
Pan American Silver Company Profile
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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.
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