Pan American Silver (NYSE:PAAS) Shares Gap Down to $19.07

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS gapped down before the market opened on Monday . The stock had previously closed at $19.07, but opened at $18.12. Pan American Silver shares last traded at $18.56, with a volume of 1,513,664 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on PAAS. BMO Capital Markets reduced their price target on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Jefferies Financial Group boosted their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a research report on Monday. StockNews.com lowered shares of Pan American Silver from a "hold" rating to a "sell" rating in a research report on Monday, January 15th. CIBC reduced their price target on shares of 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. Finally, TD Securities reduced their price target on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating for the company in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Pan American Silver Price Performance

The firm's 50-day moving average is $14.99 and its 200-day moving average is $14.87. The company has a market capitalization of $6.62 billion, a PE ratio of -60.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

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). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The business had revenue of $669.60 million for the quarter, compared to analysts' expectations of $657.65 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. Equities analysts predict that Pan American Silver Corp. will post 0.47 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a yield of 2.19%. Pan American Silver's payout ratio is -133.33%.

Institutional Trading of Pan American Silver

Several institutional investors have recently added to or reduced their stakes in PAAS. Optiver Holding B.V. boosted its position in Pan American Silver by 90.8% during the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company's stock valued at $25,000 after buying an additional 812 shares during the period. Ronald Blue Trust Inc. raised its stake in shares of Pan American Silver by 1,474.8% during the third quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 2,345 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Pan American Silver during the third quarter valued at about $46,000. CVA Family Office LLC bought a new position in shares of Pan American Silver during the fourth quarter valued at about $46,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Pan American Silver by 455.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company's stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

About Pan American Silver

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.