Pan American Silver (NYSE:PAAS) Stock Price Down 2.7% - Should You Sell?

Pan American Silver Corp. (NYSE:PAAS - Get Free Report) TSE: PAAS's share price dropped 2.7% on Tuesday . The stock traded as low as $26.20 and last traded at $26.24. Approximately 2,718,047 shares traded hands during trading, a decline of 27% from the average daily volume of 3,698,245 shares. The stock had previously closed at $26.97.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PAAS shares. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $28.50.

Pan American Silver Trading Down 2.1 %

The firm has a market cap of $9.22 billion, a P/E ratio of 79.60 and a beta of 1.06. The business's 50-day moving average is $25.18 and its two-hundred day moving average is $23.45. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting 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 business had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. As a group, analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

Institutional Trading of Pan American Silver

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Pan American Silver by 16.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 568,419 shares of the basic materials company's stock valued at $14,682,000 after purchasing an additional 80,300 shares during the period. Schwartz Investment Counsel Inc. raised its holdings in shares of Pan American Silver by 9.9% during the first quarter. Schwartz Investment Counsel Inc. now owns 55,500 shares of the basic materials company's stock valued at $1,434,000 after buying an additional 5,000 shares during the last quarter. Achmea Investment Management B.V. boosted its position in shares of Pan American Silver by 40.9% during the first quarter. Achmea Investment Management B.V. now owns 221,730 shares of the basic materials company's stock worth $5,726,000 after buying an additional 64,369 shares during the period. Perpetual Ltd grew its holdings in Pan American Silver by 24.9% in the 1st quarter. Perpetual Ltd now owns 481,755 shares of the basic materials company's stock worth $12,444,000 after buying an additional 96,082 shares in the last quarter. Finally, Golden State Equity Partners increased its position in Pan American Silver by 50.0% in the 1st quarter. Golden State Equity Partners now owns 30,000 shares of the basic materials company's stock valued at $775,000 after acquiring an additional 10,000 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.