Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.42.

PAAS has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the period. US Bancorp DE increased its position in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares in the last quarter. Signaturefd LLC raised its stake in shares of Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 774 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of 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 valued at $558,000 after acquiring an additional 951 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Pan American Silver during the 3rd quarter worth $28,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $22.20 on Friday. The stock has a market capitalization of $8.06 billion, a P/E ratio of -130.58 and a beta of 1.28. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. 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 firm’s 50-day moving average is $22.77 and its two-hundred day moving average is $21.59.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.