Brokerages Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $67.71

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $67.7143.

PAAS has been the subject of several analyst reports. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Jefferies Financial Group decreased their target price on shares of 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. Finally, BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $50.02 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. Pan American Silver has a 12-month low of $33.08 and a 12-month high of $69.99. The business’s 50 day moving average is $48.29 and its two-hundred day moving average is $51.46. The company has a market capitalization of $20.70 billion, a P/E ratio of 15.11, a P/E/G ratio of 4.92 and a beta of 0.77.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. Analysts expect that Pan American Silver will post 3.81 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were issued a $0.184 dividend. This represents a $0.74 annualized dividend and a yield of 1.5%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver’s dividend payout ratio is currently 22.36%.

Institutional Trading of Pan American Silver

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Pan American Silver during the second quarter worth approximately $375,948,000. Norges Bank acquired a new stake in Pan American Silver during the 4th quarter worth $303,611,000. Capital International Investors acquired a new position in Pan American Silver in the fourth quarter valued at $215,484,000. Geode Capital Management LLC increased its stake in Pan American Silver by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,827,024 shares of the basic materials company’s stock valued at $197,498,000 after purchasing an additional 252,309 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Pan American Silver during the second quarter worth about $145,312,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. is a mining company focused primarily on the exploration, development and production of silver and gold. Its operations also produce byproduct metals, including zinc, lead and copper, depending on the mine and ore deposit.

Founded in 1994 and headquartered in Vancouver, British Columbia, Pan American Silver operates mines and development projects across the Americas. The company’s geographic footprint has included Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil, giving it exposure to several of the region’s major silver and gold mining jurisdictions.

Pan American expanded its portfolio through the acquisition of Yamana Gold’s Latin American assets in 2023.