Brokerages Set Pan American Silver Corp. (NYSE:PAAS) PT at $27.92

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $27.92.

Several research analysts recently issued reports on the company. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Scotiabank upped their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th.

Institutional Trading of Pan American Silver

A number of institutional investors have recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver during the 3rd quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Up 4.1 %

NYSE:PAAS opened at $25.87 on Friday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 80.85 and a beta of 1.06. Pan American Silver has a twelve month low of $17.86 and a twelve month high of $27.47. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $24.79 and a 200-day simple moving average of $23.09.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio is currently 125.00%.

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.