Pan American Silver Corp. (NYSE:PAAS) Receives $68.00 Average PT from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAASGet Free Report) (TSE:PAAS) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $68.00.

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Monday, May 11th.

Get Our Latest Stock Analysis on PAAS

Pan American Silver Trading Up 3.8%

NYSE:PAAS opened at $54.89 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $23.13 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65. The firm’s 50 day moving average is $55.64 and its 200 day moving average is $53.13. Pan American Silver has a 12 month low of $23.36 and a 12 month high of $69.99.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. Sell-side analysts expect that Pan American Silver will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s payout ratio is 23.15%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAAS. AQR Capital Management LLC lifted its holdings in shares of Pan American Silver by 48.6% during the 1st 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 lifted its holdings in shares of Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 acquiring an additional 360,283 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Pan American Silver during the 1st quarter worth $1,272,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

About Pan American Silver

(Get Free Report)

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.

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Analyst Recommendations for Pan American Silver (NYSE:PAAS)

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