Pan American Silver (NYSE:PAAS) Shares Up 6.9% – What’s Next?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) shares were up 6.9% during mid-day trading on Tuesday . The company traded as high as $58.26 and last traded at $59.0350. Approximately 2,093,640 shares changed hands during trading, a decline of 64% from the average daily volume of 5,878,207 shares. The stock had previously closed at $55.20.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of research reports. Bank of America upped their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. CIBC raised their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $50.00 target price on shares of Pan American Silver in a report on Sunday, December 7th. Finally, Scotiabank increased their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Trading Up 5.7%

The company has a 50-day moving average of $47.97 and a 200 day moving average of $38.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The company has a market cap of $24.61 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 0.34 and a beta of 0.67.

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

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is currently 32.37%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Linden Thomas Advisory Services LLC raised its holdings in shares of Pan American Silver by 4.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock worth $337,000 after buying an additional 262 shares during the period. Harvest Portfolios Group Inc. grew its position in Pan American Silver by 0.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after acquiring an additional 318 shares during the last quarter. CoreCap Advisors LLC increased its stake in Pan American Silver by 7.9% in the fourth quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 331 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Pan American Silver by 18.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 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. (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.