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

Key Points

• Pan American Silver Corp. has received a consensus rating of "Moderate Buy," with four analysts giving it a buy rating and one a strong buy; the average 12-month price target is set at $32.20.
• The company reported a quarterly earnings per share (EPS) of $0.43, exceeding analyst expectations, with revenue increasing 18.3% year-over-year to $811.90 million.
• Pan American Silver has announced an increase in its quarterly dividend, now set at $0.12 per share, resulting in an annualized dividend of $0.48 and a yield of 1.4%.

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has earned a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.20.

Several research firms have recently issued reports on PAAS. TD Securities decreased their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. National Bank Financial upgraded Pan American Silver to a "strong-buy" rating in a report on Thursday. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. CIBC restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, Scotiabank decreased their price objective on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a report on Friday.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $34.60 on Monday. The business's fifty day moving average price is $30.48 and its two-hundred day moving average price is $27.31. The stock has a market cap of $12.52 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.43 and a beta of 0.64. 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 one year low of $18.50 and a one year high of $35.00.

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

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver's payout ratio is 33.10%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Pan American Silver by 5.5% in the 2nd quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company's stock worth $257,000 after buying an additional 475 shares during the period. CWM LLC raised its position in shares of Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock worth $64,000 after buying an additional 550 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock worth $48,000 after buying an additional 594 shares during the period. Kiker Wealth Management LLC raised its position in shares of Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company's stock worth $57,000 after buying an additional 600 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Pan American Silver by 25.8% in the 2nd quarter. NewEdge Advisors LLC now owns 3,050 shares of the basic materials company's stock worth $87,000 after buying an additional 625 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

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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