Pan American Silver Corp. (NYSE:PAAS) Receives $21.00 Consensus Target Price from Brokerages

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have received an average rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.00.

PAAS has been the subject of several analyst reports. CIBC cut their target price on Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. BMO Capital Markets lowered their target price on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. Jefferies Financial Group lifted their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a report on Monday. TD Securities dropped their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating for the company in a report on Friday, February 23rd. Finally, Scotiabank boosted their target price on Pan American Silver from $19.50 to $20.00 and gave the stock a "sector outperform" rating in a report on Monday, April 8th.

Institutional Trading of Pan American Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Pan American Silver by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company's stock valued at $748,460,000 after acquiring an additional 4,842,547 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Pan American Silver by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company's stock worth $213,361,000 after buying an additional 176,979 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Pan American Silver by 2.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,166,178 shares of the basic materials company's stock worth $118,246,000 after buying an additional 197,948 shares during the period. Invesco Ltd. increased its stake in shares of Pan American Silver by 9.7% in the 3rd quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company's stock valued at $85,361,000 after acquiring an additional 520,978 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $63,066,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of PAAS stock traded up $0.05 during mid-day trading on Friday, reaching $19.02. The company's stock had a trading volume of 2,535,161 shares, compared to its average volume of 4,345,521. The firm's 50-day moving average is $15.48 and its two-hundred day moving average is $14.99. The company has a market cap of $6.91 billion, a P/E ratio of -63.40, a PEG ratio of 2.76 and a beta of 1.44. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $20.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The business had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same period last year, the company earned ($0.02) EPS. On average, research analysts predict that Pan American Silver will post 0.35 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, March 1st. Pan American Silver's dividend payout ratio is -133.33%.

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.