Pan American Silver Corp. (NYSE:PAAS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Pan American Silver, with seven buy ratings and three holds among 10 covering firms. The average 12-month price target is $67.71, versus a share price of $49.65.
• Pan American Silver’s latest quarterly results fell short of expectations, with EPS of $0.73 versus $0.84 expected and revenue of $1.12 billion versus $1.16 billion forecast, though revenue increased 38.4% year over year.
• The company increased its quarterly dividend to $0.184 per share, equivalent to an annualized $0.74 payout and a 1.5% yield. Institutional investors and hedge funds own 55.43% of the stock.

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $67.7143.

PAAS has been the subject of a number of analyst reports. Bank of America decreased their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Wall Street Zen downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Royal Bank Of Canada lowered their price target on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday. Weiss Ratings downgraded Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Pan American Silver in a report on Thursday, August 13th.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $49.65 on Friday. Pan American Silver has a 1-year low of $33.08 and a 1-year high of $69.99. The business has a 50-day moving average of $48.17 and a 200-day moving average of $51.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The company has a market capitalization of $20.61 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 4.68 and a beta of 0.77.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's quarterly revenue was up 38.4% compared to the same quarter last year. On average, equities analysts anticipate that Pan American Silver will post 3.81 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of $0.184 per share. This is a boost from Pan American Silver's previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver's payout ratio is currently 22.36%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. NFJ Investment Group LLC acquired a new position in Pan American Silver during the second quarter worth $25,000. Danske Bank A S acquired a new position in Pan American Silver during the second quarter worth $30,000. Harbor Investment Advisory LLC bought a new position in Pan American Silver during the first quarter valued at about $44,000. Finally, Paladin Partners LLC bought a new position in Pan American Silver during the second quarter valued at about $40,000. Institutional investors and hedge funds own 55.43% of the company's stock.

About Pan American Silver

Pan American Silver Corp. is a mining company focused primarily on the exploration, development and production of silver and gold. Its operations also produce byproduct metals, including zinc, lead and copper, depending on the mine and ore deposit.

Founded in 1994 and headquartered in Vancouver, British Columbia, Pan American Silver operates mines and development projects across the Americas. The company's geographic footprint has included Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil, giving it exposure to several of the region's major silver and gold mining jurisdictions.

Pan American expanded its portfolio through the acquisition of Yamana Gold's Latin American assets in 2023.

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