Pan American Silver Corp. (NYSE:PAAS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.4286.

PAAS has been the subject of several recent research reports. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th.

Pan American Silver Trading Up 0.2%

PAAS stock opened at $53.00 on Monday. The business has a fifty day simple moving average of $46.65 and a 200-day simple moving average of $52.65. Pan American Silver has a 52 week low of $32.95 and a 52 week high of $69.99. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 5.06 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver will post 3.91 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s payout ratio is 22.36%.

Hedge Funds Weigh In On Pan American Silver

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in shares of Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after buying an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares during the last quarter. Empowered Funds LLC bought a new position in Pan American Silver during the 1st quarter valued at $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.