Pan American Silver (NASDAQ:PAAS) Shares Gap Up to $16.46

Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) gapped up prior to trading on Friday . The stock had previously closed at $16.46, but opened at $16.80. Pan American Silver shares last traded at $17.25, with a volume of 2,666,330 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PAAS. TD Securities decreased their price target on shares of Pan American Silver from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, February 24th. National Bank Financial restated an “outperform spec overweight” rating on shares of Pan American Silver in a research report on Tuesday, February 28th. StockNews.com cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Friday, February 17th. Finally, Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $19.00 to $22.00 in a research report on Wednesday, January 11th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $27.30.

Pan American Silver Stock Performance

The stock’s 50 day moving average price is $17.01 and its 200 day moving average price is $16.32. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 2.11. The company has a market capitalization of $3.70 billion, a P/E ratio of -10.79 and a beta of 1.16.

Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last posted its quarterly earnings data on Thursday, February 23rd. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Pan American Silver had a negative net margin of 22.82% and a positive return on equity of 0.74%. The firm had revenue of $375.43 million during the quarter, compared to the consensus estimate of $409.65 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver Corp. will post 0.68 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, March 3rd. Pan American Silver’s dividend payout ratio is presently -24.54%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PAAS. Moneta Group Investment Advisors LLC boosted its stake in Pan American Silver by 94,294.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company’s stock worth $576,955,000 after acquiring an additional 35,271,958 shares in the last quarter. Two Sigma Investments LP boosted its stake in Pan American Silver by 453.8% during the fourth quarter. Two Sigma Investments LP now owns 3,215,448 shares of the basic materials company’s stock worth $52,540,000 after acquiring an additional 2,634,795 shares in the last quarter. Norges Bank bought a new position in Pan American Silver during the fourth quarter worth $35,988,000. Millennium Management LLC lifted its stake in shares of Pan American Silver by 1,104.8% in the fourth quarter. Millennium Management LLC now owns 2,049,031 shares of the basic materials company’s stock valued at $33,481,000 after buying an additional 1,878,957 shares in the last quarter. Finally, Polunin Capital Partners Ltd bought a new position in shares of Pan American Silver in the fourth quarter valued at $27,260,000. 44.11% of the stock is owned by institutional investors.

About Pan American Silver

(Get Rating)

Pan American Silver Corp. engages in the operation and development of, and exploration for silver and gold producing properties and assets. The firm operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John J. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.