Pan American Silver (NYSE:PAAS) Stock Price Up 3.3%

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's stock price rose 3.3% during mid-day trading on Friday . The company traded as high as $20.43 and last traded at $20.25. Approximately 1,785,330 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 4,110,052 shares. The stock had previously closed at $19.60.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of recent analyst reports. TD Securities dropped their price objective on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Scotiabank boosted their price objective on Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a research note on Monday. CIBC dropped their price objective 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. Jefferies Financial Group initiated coverage on Pan American Silver in a research note on Thursday, February 29th. They set a "hold" rating and a $14.00 price target on the stock. Finally, BMO Capital Markets dropped 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.50.

Pan American Silver Trading Down 2.2 %

The firm has a market capitalization of $6.96 billion, a price-to-earnings ratio of -63.90, a P/E/G ratio of 1.94 and a beta of 1.44. The business has a 50 day moving average of $14.31 and a two-hundred day moving average of $14.66. 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 issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $669.60 million during the quarter, compared to analysts' expectations 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) earnings per share. Equities analysts predict that Pan American Silver Corp. will post 0.44 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver's dividend payout ratio (DPR) is presently -133.33%.

Institutional Trading of Pan American Silver

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 11.8% in the fourth 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 in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Pan American Silver by 94,294.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company's stock valued at $576,955,000 after acquiring an additional 35,271,958 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company's stock valued at $213,361,000 after acquiring an additional 176,979 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Pan American Silver by 41.5% in the second quarter. BlackRock Inc. now owns 10,601,093 shares of the basic materials company's stock valued at $154,564,000 after acquiring an additional 3,107,329 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pan American Silver by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,166,178 shares of the basic materials company's stock valued at $118,246,000 after acquiring an additional 197,948 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

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.