Pan American Silver (NYSE:PAAS) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of Pan American Silver (NYSE:PAAS - Free Report) TSE: PAAS in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a market perform rating on the basic materials company's stock.

A number of other research firms have also recently commented on PAAS. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Royal Bank of Canada upped their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Scotiabank raised their price objective on shares of Pan American Silver from $28.50 to $32.00 and gave the company a "sector outperform" rating in a report on Monday, April 14th. Finally, TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Price Performance

PAAS stock traded down $0.60 during trading on Wednesday, hitting $26.60. The stock had a trading volume of 2,876,603 shares, compared to its average volume of 3,693,871. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company's 50-day moving average price is $25.05 and its two-hundred day moving average price is $23.30. The stock has a market capitalization of $9.63 billion, a P/E ratio of 83.13 and a beta of 1.06. Pan American Silver has a twelve month low of $17.86 and a twelve month high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, research analysts predict that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. Pan American Silver's payout ratio is 125.00%.

Institutional Trading of Pan American Silver

Several hedge funds have recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth approximately $30,000. Decker Retirement Planning Inc. purchased a new position in shares of Pan American Silver in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the third quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pan American Silver during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Company Profile

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.