Pan American Silver Corp. (NYSE:PAAS) Given Average Rating of "Hold" by Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have been assigned an average rating of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.67.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. CIBC boosted their price target on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday. BMO Capital Markets assumed coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new position in Pan American Silver during the first quarter valued at $33,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver in the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the 3rd quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver during the fourth quarter valued at approximately $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded up $1.65 during midday trading on Tuesday, hitting $27.20. The company had a trading volume of 6,553,968 shares, compared to its average volume of 3,701,581. Pan American Silver has a 12-month low of $17.86 and a 12-month high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 85.00 and a beta of 0.75. The company has a fifty day simple moving average of $25.31 and a 200 day simple moving average of $23.55.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company's revenue was up 28.6% compared to the same quarter last year. As a group, analysts predict that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

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.