CSFB Raises Pan American Silver Corp. (PAAS) Price Target to $25.00
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) had its target price lifted by CSFB from $24.00 to $25.00 in a research note released on Wednesday, StockTargetPrices.com reports. They currently have an outperform rating on the basic materials company’s stock.
Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Pan American Silver from a sell rating to a hold rating in a report on Tuesday, July 25th. Raymond James Financial, Inc. downgraded Pan American Silver from an outperform rating to a market perform rating and set a $20.50 price objective on the stock. in a report on Friday, September 8th. Royal Bank Of Canada restated an outperform rating on shares of Pan American Silver in a report on Thursday, September 7th. UBS AG downgraded Pan American Silver from an outperform rating to a market perform rating in a report on Thursday, September 7th. Finally, B. Riley upgraded Pan American Silver from a neutral rating to a buy rating and set a $21.00 price objective on the stock in a report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Pan American Silver presently has a consensus rating of Buy and an average price target of $21.59.
Shares of Pan American Silver (NASDAQ:PAAS) opened at $15.25 on Wednesday. The stock has a market capitalization of $2,335.93, a PE ratio of 31.77, a price-to-earnings-growth ratio of 7.83 and a beta of 0.15. Pan American Silver has a twelve month low of $14.05 and a twelve month high of $21.29.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million for the quarter, compared to the consensus estimate of $199.43 million. Pan American Silver had a return on equity of 5.12% and a net margin of 12.23%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. equities research analysts forecast that Pan American Silver will post 0.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be issued a $0.025 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.66%. Pan American Silver’s dividend payout ratio is 16.39%.
Several hedge funds and other institutional investors have recently made changes to their positions in PAAS. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $170,000. Quantbot Technologies LP bought a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $177,000. Virtu Financial LLC bought a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $178,000. Sigma Planning Corp bought a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $181,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Pan American Silver by 1,091.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after buying an additional 7,934 shares in the last quarter. 53.24% of the stock is owned by institutional investors and hedge funds.
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About Pan American Silver
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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