Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been assigned an average rating of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.78.
PAAS has been the subject of a number of research analyst reports. B. Riley decreased their price target on Pan American Silver from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday. BidaskClub cut Pan American Silver from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet upgraded Pan American Silver from a “c” rating to a “b” rating in a research note on Wednesday, February 21st. TD Securities decreased their price target on Pan American Silver from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, Zacks Investment Research cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Friday, February 16th.
Shares of Pan American Silver (NASDAQ:PAAS) traded up $0.05 during midday trading on Tuesday, hitting $15.56. The company had a trading volume of 1,002,600 shares, compared to its average volume of 1,630,576. The stock has a market cap of $2,375.76, a PE ratio of 19.70, a P/E/G ratio of 4.67 and a beta of 0.20. Pan American Silver has a 1 year low of $13.99 and a 1 year high of $19.56.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.90%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is presently 12.66%.
Large investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in Pan American Silver in the fourth quarter valued at $126,000. SG Americas Securities LLC acquired a new position in Pan American Silver in the fourth quarter worth approximately $131,000. Alliancebernstein L.P. acquired a new position in Pan American Silver in the second quarter worth approximately $170,000. Quantbot Technologies LP acquired a new position in Pan American Silver in the third quarter worth approximately $177,000. Finally, Virtu Financial LLC acquired a new position in Pan American Silver in the third quarter worth approximately $178,000. Hedge funds and other institutional investors own 50.26% of the company’s stock.
Pan American Silver Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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