Pan American Silver (NYSE:PAAS) Shares Gap Down - Time to Sell?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS shares gapped down prior to trading on Friday . The stock had previously closed at $29.13, but opened at $28.10. Pan American Silver shares last traded at $28.03, with a volume of 914,810 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAAS. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC boosted their price objective on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. TD Securities decreased their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets started coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Price Performance

The company has a 50 day moving average price of $26.05 and a 200 day moving average price of $24.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The firm has a market cap of $10.12 billion, a PE ratio of 32.15, a PEG ratio of 0.51 and a beta of 0.63.

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

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. Pan American Silver's dividend payout ratio is currently 45.98%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Pan American Silver during the 4th quarter worth $91,916,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Pan American Silver by 319.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock valued at $115,009,000 after acquiring an additional 3,389,549 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $24,083,000. Hsbc Holdings PLC boosted its stake in shares of Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock worth $26,300,000 after acquiring an additional 1,135,839 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Pan American Silver by 11.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock worth $233,225,000 after acquiring an additional 959,859 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

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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