Pan American Silver (NYSE:PAAS) Shares Gap Up - Time to Buy?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS gapped up prior to trading on Wednesday . The stock had previously closed at $27.46, but opened at $28.34. Pan American Silver shares last traded at $27.95, with a volume of 3,438,764 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PAAS shares. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $28.50.

Pan American Silver Trading Down 0.8 %

The firm has a market cap of $9.77 billion, a PE ratio of 84.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company's 50 day moving average price is $25.09 and its 200 day moving average price is $23.34.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.48%. Pan American Silver's dividend payout ratio is presently 125.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver during the fourth quarter worth about $30,000. Decker Retirement Planning Inc. purchased a new stake in Pan American Silver in the 4th quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the third quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver in the fourth quarter worth $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

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.