Analysts Set Pan American Silver Corp. (NYSE:PAAS) Price Target at $21.00

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.00.

A number of research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a report on Monday, April 22nd. BMO Capital Markets dropped their price target on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. CIBC dropped their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, TD Securities dropped their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd.

Hedge Funds Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Pan American Silver by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock valued at $748,460,000 after buying an additional 4,842,547 shares during the period. Vanguard Group Inc. raised its holdings in Pan American Silver by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock worth $213,361,000 after purchasing an additional 176,979 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Pan American Silver by 2.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,166,178 shares of the basic materials company’s stock worth $118,246,000 after purchasing an additional 197,948 shares during the period. Invesco Ltd. raised its holdings in Pan American Silver by 9.7% in the 3rd quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company’s stock worth $85,361,000 after purchasing an additional 520,978 shares during the period. Finally, Norges Bank bought a new position in Pan American Silver in the 4th quarter worth $63,066,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Up 0.3 %

NYSE PAAS opened at $19.02 on Friday. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $20.60. The firm has a market cap of $6.91 billion, a PE ratio of -63.40, a price-to-earnings-growth ratio of 3.14 and a beta of 1.44. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $15.48 and a 200-day moving average of $15.00.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business had revenue of $669.60 million for the quarter, compared to analysts’ expectations of $657.65 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. As a group, sell-side analysts forecast that Pan American Silver will post 0.38 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a yield of 2.10%. Pan American Silver’s dividend payout ratio (DPR) is presently -133.33%.

About Pan American Silver

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.