Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Recommendation of "Hold" from 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 company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $30.60.

PAAS has been the subject of several research analyst reports. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities reduced their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company.

Hedge Funds Weigh In On Pan American Silver

Large investors have recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver during the fourth quarter worth $32,000. Graybill Wealth Management LTD. acquired a new position in shares of Pan American Silver in the 1st quarter valued at $33,000. Farther Finance Advisors LLC increased its stake in Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Pan American Silver during the 4th quarter worth about $43,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Pan American Silver during the fourth quarter valued at about $53,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 2.2%

NYSE PAAS opened at $28.39 on Wednesday. The stock has a market cap of $10.27 billion, a P/E ratio of 32.63, a PEG ratio of 0.52 and a beta of 0.63. The company's fifty day simple moving average is $26.00 and its 200-day simple moving average is $24.34. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. Pan American Silver has a 52 week low of $17.86 and a 52 week high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company's revenue was up 28.6% compared to the same quarter last year. Equities research analysts predict that Pan American Silver will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 45.98%.

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.

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