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

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have been assigned an average rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $31.40.

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets began coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities reduced their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Finally, CIBC reissued an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds have recently modified their holdings of the business. Graybill Wealth Management LTD. acquired a new stake in Pan American Silver during the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its stake in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,209 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Pan American Silver by 507.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after buying an additional 3,759 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Pan American Silver in the fourth quarter valued at approximately $118,000. Finally, Banque Transatlantique SA purchased a new position in Pan American Silver during the 1st quarter worth $139,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded up $1.40 during trading hours on Friday, reaching $29.49. The stock had a trading volume of 4,570,569 shares, compared to its average volume of 4,017,170. The firm has a 50-day moving average of $27.16 and a 200-day moving average of $25.31. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 0.44 and a beta of 0.67. Pan American Silver has a fifty-two week low of $17.86 and a fifty-two week high of $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. Pan American Silver's revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. Equities research analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. Pan American Silver's payout ratio is currently 45.98%.

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.