Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $44.33

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $44.3333.

PAAS has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group restated a “hold” rating and issued a $50.00 price objective on shares of Pan American Silver in a research note on Sunday, December 7th. Scotiabank raised their price objective on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, CIBC increased their price target on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th.

Pan American Silver Price Performance

NYSE:PAAS opened at $55.88 on Friday. The stock has a market capitalization of $23.59 billion, a PE ratio of 32.30, a P/E/G ratio of 0.34 and a beta of 0.67. Pan American Silver has a 1-year low of $20.55 and a 1-year high of $57.19. The firm has a fifty day simple moving average of $46.32 and a 200 day simple moving average of $38.09. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts expect that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. Pan American Silver’s payout ratio is currently 32.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 16,626 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after purchasing an additional 360,283 shares during the last quarter. Empowered Funds LLC acquired a new stake in Pan American Silver during the 1st quarter worth approximately $1,272,000. Finally, Intech Investment Management LLC boosted its stake in Pan American Silver by 189.0% in the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after purchasing an additional 70,593 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.