Pan American Silver Corp. (NYSE:PAAS) Receives $68.00 Average Target Price from Analysts

Pan American Silver Corp. (NYSE:PAAS – Get Free Report) (TSE:PAAS) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $67.8571.

PAAS has been the topic of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Jefferies Financial Group cut their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday.

Get Pan American Silver alerts:

View Our Latest Stock Report on PAAS

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in PAAS. AQR Capital Management LLC boosted its holdings in shares of Pan American Silver by 48.6% in the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after buying an additional 6,391 shares during the period. Jones Financial Companies Lllp lifted its position in Pan American Silver by 574.9% in the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares in the last quarter. Empowered Funds LLC acquired a new position in Pan American Silver in the 1st quarter worth $1,272,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in 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 purchasing an additional 594 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock opened at $44.08 on Friday. Pan American Silver has a 12 month low of $26.76 and a 12 month high of $69.99. The company has a market capitalization of $18.51 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.37 and a beta of 0.72. The stock has a 50 day moving average of $51.64 and a two-hundred day moving average of $55.02. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver will post 4.47 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.6%. Pan American Silver’s dividend payout ratio is presently 23.15%.

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.

Read More

• Five stocks we like better than Pan American Silver
• Apple and Broadcom Forge a Decade-Long Silicon Fortress
• SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
• The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Palantir’s CEO Just Called Out OpenAI and Anthropic

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.