Pan American Silver (NYSE:PAAS) Shares Gap Up - Should You Buy?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's share price gapped up prior to trading on Thursday . The stock had previously closed at $26.59, but opened at $27.85. Pan American Silver shares last traded at $28.81, with a volume of 4,517,273 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on PAAS. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. CIBC raised their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. BMO Capital Markets began coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Four 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 company. According to data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Price Performance

The business's 50 day moving average is $24.83 and its 200-day moving average is $23.72. The firm has a market capitalization of $10.28 billion, a P/E ratio of 88.83 and a beta of 0.75. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

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

Institutional Trading of Pan American Silver

Hedge funds have recently added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $32,000. Graybill Wealth Management LTD. acquired a new stake in Pan American Silver in the first quarter valued at approximately $33,000. Farther Finance Advisors LLC boosted its position in Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $43,000. 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.