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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Pan American Silver, with eight buy ratings and three holds among 11 analysts. The average 12-month price target is $70.43, above the reported share price of $53.11.
• In its latest quarter, the company reported 38.4% year-over-year revenue growth to $1.12 billion, though earnings of $0.73 per share fell short of the $0.84 consensus estimate.
• Pan American Silver increased its quarterly dividend to $0.184 per share, equivalent to an annualized $0.74 dividend and a 1.4% yield. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS has received a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.4286.

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Bank of America decreased their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. BMO Capital Markets reissued a "market perform" rating on shares of Pan American Silver in a report on Thursday, August 13th. Finally, Weiss Ratings cut Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th.

Institutional Investors Weigh In On Pan American Silver

Several institutional investors have recently added to or reduced their stakes in PAAS. Oakmont Investment Advisors Inc. acquired a new position in Pan American Silver in the second quarter valued at approximately $492,000. TD Waterhouse Canada Inc. raised its holdings in Pan American Silver by 1.5% during the second quarter. TD Waterhouse Canada Inc. now owns 549,236 shares of the basic materials company's stock worth $24,382,000 after purchasing an additional 8,149 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Pan American Silver by 4.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company's stock worth $460,000 after buying an additional 419 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $45,000. Finally, Nykredit A S acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $6,738,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $53.11 on Monday. Pan American Silver has a one year low of $31.60 and a one year high of $69.99. The company has a market cap of $22.15 billion, a PE ratio of 16.05, a P/E/G ratio of 4.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The business has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $52.74.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $0.43 EPS. The firm's revenue was up 38.4% compared to the same quarter last year. On average, equities research analysts forecast that Pan American Silver will post 4.06 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a $0.184 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 24th. This is an increase from Pan American Silver's previous quarterly dividend of $0.18. Pan American Silver's dividend payout ratio (DPR) is currently 21.75%.

About Pan American Silver

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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