Pan American Silver Corp. (NYSE:PAAS) Receives $41.25 Consensus Target Price from Analysts

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $41.25.

Several brokerages have issued reports on PAAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, October 14th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Scotiabank raised their price target on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $35.49 on Tuesday. The stock’s 50-day moving average is $36.68 and its two-hundred day moving average is $30.76. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.44 and a beta of 0.63. Pan American Silver has a 1 year low of $19.80 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. Analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.12 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver’s dividend payout ratio is 33.10%.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westfuller Advisors LLC purchased a new position in shares of Pan American Silver during the third quarter worth about $219,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Pan American Silver during the third quarter worth about $268,000. Olympiad Research LP acquired a new stake in Pan American Silver in the third quarter valued at about $433,000. First Interstate Bank acquired a new stake in Pan American Silver in the third quarter valued at about $248,000. Finally, Triasima Portfolio Management inc. lifted its position in Pan American Silver by 14.7% in the third quarter. Triasima Portfolio Management inc. now owns 242,005 shares of the basic materials company’s stock valued at $9,380,000 after purchasing an additional 30,995 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.