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

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has earned an average rating of "Hold" from the six research firms that are covering the stock, Marketbeat.com 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 target among brokerages that have issued a report on the stock in the last year is $30.60.

A number of research analysts recently issued reports on the stock. TD Securities decreased their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC upped their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded up $0.20 on Friday, reaching $24.40. 3,214,792 shares of the stock were exchanged, compared to its average volume of 3,769,748. The business has a 50 day moving average price of $24.75 and a two-hundred day moving average price of $23.60. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 76.25 and a beta of 0.75. Pan American Silver has a twelve month low of $17.86 and a twelve 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.

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

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after buying an additional 451 shares in the last quarter. US Bancorp DE grew its stake in Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp increased its holdings in Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after acquiring an additional 549 shares in the last quarter. Principal Securities Inc. raised its position in Pan American Silver by 12.5% during the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after acquiring an additional 664 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 715 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

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.