Pan American Silver Corp. (NYSE:PAAS) Receives $25.42 Consensus Price Target from Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given an average rating of “Moderate Buy” by the four brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $25.42.

Several research analysts have recently issued reports on PAAS shares. Jefferies Financial Group raised their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st.

Pan American Silver Trading Up 6.5 %

PAAS stock opened at $24.06 on Friday. The business has a fifty day moving average of $21.65 and a 200-day moving average of $21.69. The company has a market cap of $8.73 billion, a P/E ratio of -141.49 and a beta of 1.27. Pan American Silver has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in Pan American Silver during the 2nd quarter worth $384,000. AQR Capital Management LLC bought a new stake in shares of Pan American Silver in the second quarter worth about $238,000. The Manufacturers Life Insurance Company raised its position in shares of Pan American Silver by 1.5% during the second 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 period. Mackenzie Financial Corp lifted its holdings in shares of Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Pan American Silver in the 2nd quarter valued at approximately $990,000. 55.43% of the stock is owned by institutional investors.

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.