Pan American Silver Corp. (NYSE:PAAS) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Pan American Silver “Moderate Buy,” with seven buy ratings and three holds; the average 12-month price target is $67.71.
• The company reported quarterly EPS of $0.73, below the $0.84 consensus, while revenue rose 38.4% year over year to $1.12 billion.
• Pan American Silver paid a quarterly dividend of C$0.18, equivalent to an annualized C$0.74 and a 1.6% yield; institutional investors own 55.43% of the stock.

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has been given a consensus rating of "Moderate Buy" by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $67.71.

Several equities research analysts have recently weighed in on the company. Scotiabank reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Weiss Ratings upgraded Pan American Silver from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. Jefferies Financial Group dropped their target price on Pan American Silver from $54.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada reduced their price target on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. Finally, Wall Street Zen lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th.

Pan American Silver Stock Down 1.2%

Shares of NYSE PAAS opened at $45.72 on Tuesday. Pan American Silver has a 12-month low of $33.08 and a 12-month high of $69.99. The company has a market cap of $18.92 billion, a P/E ratio of 13.81, a P/E/G ratio of 4.55 and a beta of 0.75. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $49.28 and a 200 day moving average price of $50.36.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data 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). The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company's revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. Research 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 given a C$0.18 dividend. This represents a $0.74 annualized dividend and a yield of 1.6%. This is a positive change from Pan American Silver's previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver's dividend payout ratio is 22.36%.

Institutional Trading of Pan American Silver

A number of hedge funds have recently made changes to their positions in PAAS. NFJ Investment Group LLC bought a new stake in shares of Pan American Silver in the second quarter worth $25,000. Fifth Third Bancorp raised its holdings in Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 481 shares in the last quarter. Danske Bank A S bought a new position in Pan American Silver during the 2nd quarter valued at $30,000. Paladin Partners LLC bought a new position in Pan American Silver during the 2nd quarter valued at $40,000. Finally, Archer Investment Corp bought a new position in Pan American Silver during the 2nd quarter valued at $43,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

About Pan American Silver

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.

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