TD Securities Forecasts Strong Price Appreciation for Pan American Silver (NYSE:PAAS) Stock

Pan American Silver (NYSE:PAAS - Free Report) TSE: PAAS had its target price upped by TD Securities from $25.00 to $28.00 in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the basic materials company's stock.

Several other research firms have also recently weighed in on PAAS. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Finally, Scotiabank lifted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.08.

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Pan American Silver Trading Down 1.2 %

NYSE:PAAS traded down $0.29 during midday trading on Thursday, reaching $23.54. 3,907,337 shares of the stock traded hands, compared to its average volume of 3,074,111. The stock has a market capitalization of $8.52 billion, a P/E ratio of 73.56 and a beta of 1.28. 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 company has a fifty day moving average of $22.67 and a 200 day moving average of $22.14. Pan American Silver has a 12 month low of $13.00 and a 12 month high of $26.05.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $815.10 million for 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%. On average, research analysts predict that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock valued at $824,632,000 after buying an additional 2,328,306 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock valued at $283,385,000 after buying an additional 221,561 shares during the last quarter. FIL Ltd lifted its position in Pan American Silver by 4.6% during the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after purchasing an additional 584,017 shares during the period. Norges Bank bought a new position in Pan American Silver during the fourth quarter valued at approximately $91,916,000. Finally, Ameriprise Financial Inc. lifted its position in Pan American Silver by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after purchasing an additional 486,622 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

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.