Pan American Silver (NYSE:PAAS) Shares Up 7.4% - Should You Buy?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's stock price traded up 7.4% on Monday . The company traded as high as $26.06 and last traded at $26.19. 1,382,368 shares changed hands during trading, a decline of 63% from the average session volume of 3,762,766 shares. The stock had previously closed at $24.39.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities decreased their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. CIBC raised their target price 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. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Stock Performance

The company has a market cap of $10.37 billion, a P/E ratio of 89.50 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. The company has a 50 day moving average price of $24.83 and a 200-day moving average price of $23.72.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results 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. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period last year, the company posted $0.01 EPS. The firm's quarterly revenue was up 28.6% on a year-over-year basis. Equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 1.40%. Pan American Silver's dividend payout ratio is currently 45.98%.

Hedge Funds Weigh In On Pan American Silver

Hedge funds have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the fourth quarter valued at about $32,000. Graybill Wealth Management LTD. acquired a new stake in shares of Pan American Silver in the first quarter worth about $33,000. Farther Finance Advisors LLC boosted its stake in shares of Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after acquiring an additional 1,209 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Pan American Silver during the 4th quarter valued at about $43,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.