Pan American Silver Corp. (NYSE:PAAS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $67.71.

Several equities analysts have recently weighed in on PAAS shares. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Royal Bank Of Canada dropped their price target on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, TD Securities cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Pan American Silver Stock Down 1.3%

PAAS opened at $39.36 on Friday. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 4.48 and a beta of 0.76. The firm has a 50 day moving average price of $45.24 and a 200-day moving average price of $51.12. Pan American Silver has a twelve month low of $35.82 and a twelve month high of $69.99. The company has a quick ratio of 2.03, a current ratio of 2.72 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. Pan American Silver had a net margin of 35.18% and a return on equity of 20.94%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts forecast that Pan American Silver will post 3.34 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1850 per share. The ex-dividend date is Monday, November 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.1840. Pan American Silver’s dividend payout ratio is presently 19.84%.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NFJ Investment Group LLC purchased a new position in shares of Pan American Silver in the second quarter worth approximately $25,000. Fifth Third Bancorp increased its holdings in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares during the last quarter. Danske Bank A S bought a new position in Pan American Silver in the second quarter worth approximately $30,000. Latitude Advisors LLC bought a new position in Pan American Silver in the third quarter worth approximately $33,000. Finally, Paladin Partners LLC bought a new position in Pan American Silver in the second quarter worth approximately $40,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing. Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.