Pan American Silver Corp. (NYSE:PAAS) Receives $27.92 Average Price Target from Analysts

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has earned a consensus rating of "Moderate Buy" from the five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.50.

Several research analysts recently weighed in on the company. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and dropped their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday. They issued a "market perform" rating for the company. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd.

Pan American Silver Stock Up 2.6 %

Shares of PAAS traded up $0.73 during trading hours on Friday, hitting $28.19. The company had a trading volume of 958,700 shares, compared to its average volume of 3,488,782. Pan American Silver has a one year low of $17.86 and a one year high of $28.60. The company's fifty day moving average price is $24.88 and its two-hundred day moving average price is $23.16. The company has a market capitalization of $10.21 billion, a PE ratio of 88.22 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, equities analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. Pan American Silver's payout ratio is 125.00%.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently modified their holdings of PAAS. SBI Securities Co. Ltd. acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $43,000. Barclays PLC boosted its stake in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock worth $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. purchased a new position in Pan American Silver in the 4th quarter valued at $2,911,000. Ingalls & Snyder LLC boosted its stake in Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after purchasing an additional 89,011 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Pan American Silver by 73.2% in the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock worth $1,869,000 after buying an additional 37,804 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.