Pan American Silver Corp. (NYSE:PAAS) Receives $21.00 Average Price Target from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One 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 brokerages that have issued ratings on the stock in the last year is $22.25.

Several brokerages have recently commented on PAAS. TD Securities decreased their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. BMO Capital Markets boosted their price target on shares of Pan American Silver from $22.00 to $24.00 in a research note on Tuesday. Jefferies Financial Group increased their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, Scotiabank boosted their target price on Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a research report on Thursday.

Pan American Silver Trading Down 2.3 %

Shares of PAAS opened at $20.83 on Tuesday. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $22.68. The firm has a market capitalization of $7.56 billion, a P/E ratio of -45.28, a P/E/G ratio of 2.82 and a beta of 1.36. The firm has a 50-day moving average price of $18.06 and a 200 day moving average price of $15.66. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The business had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. During the same quarter last year, the firm earned $0.10 EPS. The business’s revenue was up 54.1% compared to the same quarter last year. Sell-side analysts forecast that Pan American Silver will post 0.41 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, May 20th. Pan American Silver’s payout ratio is currently -86.96%.

Hedge Funds Weigh In On Pan American Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its stake in shares of Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 812 shares in the last quarter. Perritt Capital Management Inc. raised its position in Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Pan American Silver in the 4th quarter valued at about $46,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Pan American Silver during the third quarter worth about $46,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Pan American Silver by 455.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock worth $60,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

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.