Analysts Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $25.42

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been assigned a consensus rating of “Moderate Buy” from the four research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.42.

A number of research analysts have commented on the company. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Pan American Silver in the second quarter valued at about $384,000. AQR Capital Management LLC acquired a new stake in Pan American Silver in the 2nd quarter valued at approximately $238,000. The Manufacturers Life Insurance Company increased its position in Pan American Silver by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock worth $36,300,000 after buying an additional 27,372 shares during the period. Mackenzie Financial Corp boosted its position in shares of Pan American Silver by 51.1% in the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after acquiring an additional 1,056,981 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Pan American Silver in the second quarter worth $990,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 0.7 %

PAAS stock opened at $21.93 on Friday. The company has a 50 day moving average of $21.62 and a two-hundred day moving average of $21.66. The company has a market cap of $7.96 billion, a price-to-earnings ratio of -128.96 and a beta of 1.27. Pan American Silver has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.82%. 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.