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

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PAAS. CIBC raised their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the stock 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 report on Wednesday, April 2nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Price Performance

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 stock's 50 day moving average price is $24.77 and its two-hundred day moving average price is $23.68. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 83.19 and a beta of 0.75.

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, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business's revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is presently 45.98%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its position in Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after buying an additional 451 shares during the last quarter. US Bancorp DE boosted its stake in shares of Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after acquiring an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after purchasing an additional 715 shares during the last quarter. 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.