Pan American Silver Corp. (NYSE:PAAS) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Pan American Silver Corp. (NYSE:PAAS) has received an average recommendation of “Moderate Buy” from analysts, with four hold ratings, four buy ratings, and one strong buy rating.
• The company reported a quarterly EPS of $0.43, surpassing analysts' estimates, with a revenue increase of 18.3% year-over-year.
• Pan American Silver recently raised its quarterly dividend to $0.12 per share, up from $0.10, representing a 1.2% annual yield.

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have received an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $32.20.

Several brokerages have issued reports on PAAS. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Scotiabank lowered their price target on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th.

Pan American Silver Stock Performance

Shares of PAAS opened at $39.18 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. Pan American Silver has a twelve month low of $19.80 and a twelve month high of $40.34. The firm's 50 day moving average price is $33.49 and its two-hundred day moving average price is $28.91. The firm has a market cap of $16.54 billion, a P/E ratio of 27.02, a PEG ratio of 0.63 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts forecast that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Pan American Silver's dividend payout ratio is presently 33.10%.

Hedge Funds Weigh In On Pan American Silver

A number of institutional investors have recently added to or reduced their stakes in PAAS. Public Employees Retirement System of Ohio increased its holdings in Pan American Silver by 11.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 29,115 shares of the basic materials company's stock worth $589,000 after buying an additional 2,924 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Pan American Silver by 143.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,163 shares of the basic materials company's stock worth $630,000 after buying an additional 18,343 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Pan American Silver by 191.0% in the fourth quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company's stock valued at $3,394,000 after purchasing an additional 110,170 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Pan American Silver in the first quarter valued at about $199,000. Finally, RFG Advisory LLC bought a new position in shares of Pan American Silver in the first quarter valued at about $217,000. 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.

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