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

Key Points

• Pan American Silver has a consensus broker recommendation of “Moderate Buy” from nine analysts (5 buys, 3 holds, 1 strong buy) and an average 12‑month price target of $56.60.
• The company beat last quarter’s estimates with EPS of $1.11 versus $0.90 expected and revenue of $1.18B versus $1.11B, marking 44.7% year‑over‑year revenue growth and a 27.1% net margin.
• Pan American raised its quarterly dividend to $0.18 (from $0.14), equal to a $0.72 annualized payout and about a 1.4% yield, with a payout ratio near 28.8%.

Shares of Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS have been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.60.

A number of brokerages have commented on PAAS. Jefferies Financial Group dropped their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Zacks Research raised shares of Pan American Silver from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Scotiabank lifted their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research report on Monday, January 26th. Finally, Bank of America boosted their price objective on Pan American Silver from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, December 1st.

Pan American Silver Stock Down 3.4%

Shares of PAAS opened at $49.70 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. The stock has a market capitalization of $20.96 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 0.42 and a beta of 0.62. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99. The business's 50 day simple moving average is $58.56 and its 200-day simple moving average is $48.09.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. Pan American Silver's revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a $0.18 dividend. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Pan American Silver's dividend payout ratio (DPR) is presently 28.80%.

Institutional Trading of Pan American Silver

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after buying an additional 387 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $34,000. Rothschild Investment LLC bought a new stake in shares of Pan American Silver in the 3rd quarter worth about $36,000. City State Bank lifted its holdings in shares of Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company's stock worth $40,000 after acquiring an additional 435 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.