Citigroup Inc. upgraded shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) to an outperform rating in a report published on Tuesday.

Several other research firms also recently issued reports on PAAS. Canaccord Genuity restated a buy rating and issued a $23.00 price target on shares of Pan American Silver Corp. in a research note on Friday, October 6th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. BidaskClub cut Pan American Silver Corp. from a hold rating to a sell rating in a report on Thursday, August 10th. Raymond James Financial, Inc. cut Pan American Silver Corp. from an outperform rating to a market perform rating and set a $20.50 price objective for the company. in a report on Friday, September 8th. Finally, UBS AG cut Pan American Silver Corp. from an outperform rating to a market perform rating in a report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Pan American Silver Corp. presently has a consensus rating of Buy and an average price target of $21.15.

Shares of Pan American Silver Corp. (PAAS) opened at $15.20 on Tuesday. The stock has a market capitalization of $2,294.58, a price-to-earnings ratio of 31.21, a P/E/G ratio of 7.91 and a beta of 0.15. Pan American Silver Corp. has a one year low of $14.05 and a one year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. Pan American Silver Corp. had a return on equity of 5.12% and a net margin of 12.23%. The firm’s quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. equities analysts forecast that Pan American Silver Corp. will post 0.47 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be given a $0.025 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.66%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 16.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter valued at about $170,000. Quantbot Technologies LP bought a new stake in shares of Pan American Silver Corp. in the 3rd quarter valued at about $177,000. Virtu Financial LLC bought a new stake in shares of Pan American Silver Corp. in the 3rd quarter valued at about $178,000. Sigma Planning Corp bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter valued at about $181,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter valued at about $189,000. Hedge funds and other institutional investors own 53.24% of the company’s stock.

Pan American Silver Corp. Company Profile

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.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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