Pan American Silver Corp. (NYSE:PAAS) Receives $70.43 Average PT from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $70.4286.

Several research firms have recently issued reports on PAAS. Zacks Research lowered Pan American Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Jefferies Financial Group cut their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research report on Tuesday, April 28th. Finally, Bank of America dropped their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th.

Institutional Investors Weigh In On Pan American Silver

Several institutional investors have recently made changes to their positions in PAAS. Vanguard Group Inc. raised its position in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after purchasing an additional 274,168 shares during the period. Invesco Ltd. boosted its position in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares during the period. FIL Ltd boosted its position in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after buying an additional 4,438,478 shares during the period. Norges Bank purchased a new position in shares of Pan American Silver during the fourth quarter valued at approximately $303,611,000. Finally, Capital International Investors bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $215,484,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Pan American Silver stock opened at $48.42 on Thursday. Pan American Silver has a 52-week low of $28.90 and a 52-week high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $46.47 and its 200 day moving average is $53.57. The company has a market cap of $20.19 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 3.87 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.42 EPS. The business’s revenue was up 49.3% on a year-over-year basis. Sell-side analysts forecast that Pan American Silver will post 4.13 EPS for the current fiscal year.

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.