Pan American Silver (NYSE:PAAS) Lowered to Hold Rating by 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 report released on Sunday.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Jefferies Financial Group increased their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and an average price target of $25.42.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.25 during midday trading on Friday, hitting $21.97. The company had a trading volume of 1,566,912 shares, compared to its average volume of 3,843,763. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The company's 50 day simple moving average is $22.55 and its 200 day simple moving average is $21.50. Pan American Silver has a 52-week low of $12.16 and a 52-week high of $26.05. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of -129.23 and a beta of 1.33.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. Pan American Silver's payout ratio is currently -235.28%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its holdings in Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after acquiring an additional 2,328,306 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Pan American Silver by 51.1% in the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock worth $62,107,000 after acquiring an additional 1,056,981 shares in the last quarter. TD Asset Management Inc grew its stake in Pan American Silver by 22.1% during the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock valued at $43,440,000 after purchasing an additional 395,589 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Pan American Silver during the second quarter worth approximately $38,116,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Pan American Silver by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company's stock worth $36,300,000 after purchasing an additional 27,372 shares during the last quarter. 55.43% of the stock is 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.