Pan American Silver Corp. (NYSE:PAAS) Receives $24.93 Average Target Price from Brokerages

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.93.

Several equities analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada raised their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Pan American Silver by 2.9% in the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 1,336 shares during the period. Foundry Partners LLC raised its stake in shares of Pan American Silver by 11.6% during the 1st quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock worth $3,735,000 after purchasing an additional 25,835 shares during the period. Vanguard Group Inc. grew its position in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after buying an additional 159,908 shares during the period. UniSuper Management Pty Ltd raised its position in Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Pan American Silver by 227.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 524,568 shares of the basic materials company’s stock valued at $7,874,000 after acquiring an additional 364,593 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $21.87 on Tuesday. The stock’s 50-day moving average is $22.13 and its 200-day moving average is $21.26. The stock has a market cap of $7.94 billion, a P/E ratio of -128.64 and a beta of 1.33. Pan American Silver has a 1-year low of $12.16 and a 1-year high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.83%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.