Pan American Silver Corp. (NYSE:PAAS) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts have given Pan American Silver Corp. an average rating of "Hold", with four hold and three buy recommendations.
• The company experienced a significant increase in earnings per share, reporting $0.43 for the quarter, exceeding expectations and a year-over-year revenue growth of 18.3%.
• Pan American Silver has announced an increase in its quarterly dividend from $0.10 to $0.12 per share, reflecting a commitment to return value to shareholders.

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have earned an average recommendation of "Hold" from the seven analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $31.40.

A number of equities research analysts have recently weighed in on the stock. TD Securities dropped their price target 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. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors have recently made changes to their positions in PAAS. Graybill Wealth Management LTD. acquired a new stake in shares of Pan American Silver in the 1st quarter worth about $33,000. Northwestern Mutual Wealth Management Co. raised its holdings 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 acquiring an additional 594 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Pan American Silver in the 2nd quarter worth about $51,000. Kiker Wealth Management LLC raised its holdings 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 acquiring an additional 600 shares during the last quarter. Finally, CWM LLC raised its holdings 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 acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Down 1.1%

Pan American Silver stock opened at $31.67 on Thursday. Pan American Silver has a 52 week low of $18.50 and a 52 week high of $32.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The stock has a market capitalization of $11.46 billion, a P/E ratio of 21.84, a PEG ratio of 0.43 and a beta of 0.60. The stock has a 50-day simple moving average of $29.11 and a 200 day simple moving average of $26.26.

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

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.12 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is currently 27.59%.

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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