Pan American Silver Corp Stock (NASDAQ:PAAS – Get Rating) (TSE:PAAS) has been given a consensus rating of “Buy” by the eight analysts currently covering the stock, Marketbeat reports. One equity analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts who have covered the stock for the past year is $35.67.
A number of analysts have recently commented on PAAS stocks. Canaccord Genuity Group upgraded Pan American Silver to a buy rating from a hold rating and set a price target of $30.00 for the company in a research report on Thursday, May 12. TD Securities lowered its target price on Pan American Silver shares to $30.00 from $36.00 and gave the company a buy rating in a report on Friday, May 13. TheStreet upgraded shares of Pan American Silver from a “c+” rating to a “b-” rating in a report on Friday, March 25th. The Canaccord Genuity Group upgraded the shares of Pan American Silver from a “hold” rating to a “buy” rating and issued a research note on Thursday, May 12th with a price target of $30.00 for the company . Finally, on Thursday, March 31st, StockNews.com began reporting shares of Pan American Silver in a research note. They gave the stock a “hold” rating.
Several hedge funds have recently bought and sold shares in PAAS. Evoke Wealth LLC increased its position in Pan American Silver by 90.4% in the fourth quarter. Evoke Wealth LLC now owns 990 shares of the $25,000 materials company after buying another 470 shares last quarter. Prospera Financial Services Inc acquired a new position in Pan American Silver stock valued at approximately $25,000 during the first quarter. Destiny Wealth Partners LLC acquired a new interest in Pan American Silver stock valued at approximately $41,000 during the first quarter. UMB Bank NA MO acquired a new interest in Pan American Silver valued at approximately $42,000 during the fourth quarter. Finally, Rational Advisors LLC increased its holding in Pan American Silver by 63.8% during the first quarter. Rational Advisors LLC now owns 1,530 shares of the $42,000 materials company after purchasing an additional 596 shares during the period. Institutional investors and hedge funds own 44.25% of the company’s shares.
NASDAQ PAAS shares opened at $21.00 on Tuesday. The company has a market cap of $4.42 billion, a P/E of 24.42, a price-to-earnings-to-growth ratio of 3.21 and a beta of 1.26. The company has a gearing ratio of 0.01, a quick ratio of 1.41 and a current ratio of 2.71. The company’s 50-day moving average price is $23.95 and its 200-day moving average price is $24.50. Pan American Silver has a 1 year low of $20.56 and a 1 year high of $30.56.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last reported earnings results on Wednesday, May 11th. The materials company reported earnings per share (EPS) of $0.15 for the quarter, missing the consensus estimate of $0.22 ($0.07). Pan American Silver had a return on equity of 5.90% and a net margin of 10.70%. In the same quarter last year, the company earned $0.18 per share. On average, equity analysts expect Pan American Silver to report 0.93 EPS for the year to date.
The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record were paid a dividend of $0.12 on Tuesday, May 24th. That equates to an annual dividend of $0.48 and a yield of 2.29%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday May 23rd. Pan American Silver’s Dividend Payout Ratio (DPR) is 55.81%.
About Pan American Silver (get rating)
Pan American Silver Corp. is engaged, together with its subsidiaries, in the exploration, mine development, extraction, processing, refining and reclamation of silver, gold, zinc, lead and copper mines in Canada, Mexico, Peru, Argentina and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este and Navidad mines.
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