Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's stock price fell 2.7% on Tuesday . The company traded as low as $26.20 and last traded at $26.24. 2,718,047 shares changed hands during trading, a decline of 27% from the average session volume of 3,698,245 shares. The stock had previously closed at $26.97.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on PAAS shares. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of "Hold" and an average price target of $28.50.
Read Our Latest Stock Report on Pan American Silver
Pan American Silver Stock Performance
The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The business has a 50-day moving average of $25.16 and a 200-day moving average of $23.41. The company has a market capitalization of $9.29 billion, a P/E ratio of 80.07 and a beta of 1.06.
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 (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. Pan American Silver's dividend payout ratio is 125.00%.
Institutional Investors Weigh In On Pan American Silver
A number of institutional investors and hedge funds have recently modified their holdings of PAAS. Signaturefd LLC grew its position in shares of Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after buying an additional 451 shares in the last quarter. US Bancorp DE lifted its stake in Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp grew its holdings in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after acquiring an additional 549 shares in the last quarter. Principal Securities Inc. increased its position in Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 664 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in shares of Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 715 shares in the last quarter. 55.43% of the stock is owned by 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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