Pan American Silver (NYSE:PAAS) Shares Gap Down to $19.23

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS shares gapped down prior to trading on Tuesday . The stock had previously closed at $19.23, but opened at $18.47. Pan American Silver shares last traded at $18.78, with a volume of 908,808 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Securities lowered their price target on 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. BMO Capital Markets cut their price target on Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, January 18th. StockNews.com lowered Pan American Silver from a "hold" rating to a "sell" rating in a research note on Monday, January 15th. Jefferies Financial Group lifted their target price on Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a research note on Monday, April 22nd. Finally, CIBC cut their target price on Pan American Silver from $28.00 to $27.50 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Pan American Silver Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -61.46, a P/E/G ratio of 2.59 and a beta of 1.44. The stock has a fifty day moving average of $15.61 and a 200 day moving average of $15.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The firm had revenue of $669.60 million for the quarter, compared to analyst estimates of $657.65 million. During the same period last year, the firm earned ($0.02) EPS. On average, analysts expect that Pan American Silver Corp. will post 0.38 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver's payout ratio is -133.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PAAS. Optiver Holding B.V. raised its stake in shares of Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company's stock worth $25,000 after buying an additional 812 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Pan American Silver during the third quarter worth approximately $46,000. CVA Family Office LLC purchased a new stake in shares of Pan American Silver during the fourth quarter worth approximately $46,000. Parkside Financial Bank & Trust increased its position 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 worth $60,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Pan American Silver during the fourth quarter worth approximately $103,000. 55.43% of the stock is owned by institutional investors and hedge funds.

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.