Pan American Silver Corp. (NYSE:PAAS) Receives $56.60 Average Price Target from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.60.

Several research firms have recently weighed in on PAAS. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Scotiabank boosted their price target on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group reduced their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAAS. Parallel Advisors LLC increased its holdings in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver during the fourth quarter worth $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $41,000. Golden State Wealth Management LLC raised its holdings in shares of Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after buying an additional 520 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Pan American Silver in the third quarter valued at about $36,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 0.2%

Shares of PAAS stock opened at $61.73 on Monday. The firm has a fifty day moving average of $58.24 and a 200-day moving average of $45.74. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 0.57 and a beta of 0.62. Pan American Silver has a 52-week low of $20.55 and a 52-week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 44.7% on a year-over-year basis. On average, equities research analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is presently 28.80%.

About Pan American Silver

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.