Pan American Silver Corp. (PAAS) Receives Consensus Recommendation of “Hold” from Brokerages

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has earned a consensus rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.43.

Several research firms have commented on PAAS. Zacks Investment Research lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price objective on shares of Pan American Silver Corp. in a research report on Thursday. BidaskClub lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet lowered shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada set a $22.00 price objective on shares of Pan American Silver Corp. and gave the company a “buy” rating in a research report on Thursday, August 10th.

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Several institutional investors have recently added to or reduced their stakes in PAAS. SG Americas Securities LLC bought a new stake in shares of Pan American Silver Corp. in the 1st quarter worth about $164,000. Alliancebernstein L.P. bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $170,000. Sigma Planning Corp bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $181,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Pan American Silver Corp. in the 2nd quarter worth about $189,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Pan American Silver Corp. by 1,091.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 7,934 shares during the last quarter. Hedge funds and other institutional investors own 53.91% of the company’s stock.

Pan American Silver Corp. (NASDAQ:PAAS) traded down 1.16% during mid-day trading on Tuesday, reaching $18.75. 1,030,727 shares of the company’s stock traded hands. The stock has a market capitalization of $2.87 billion, a PE ratio of 23.98 and a beta of 0.23. The stock has a 50-day moving average price of $17.48 and a 200-day moving average price of $17.26. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The business had revenue of $201.30 million during the quarter, compared to analyst estimates of $184.96 million. During the same quarter last year, the business earned $0.13 earnings per share. Pan American Silver Corp.’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Pan American Silver Corp. will post $0.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were issued a $0.025 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 12.82%.

About Pan American Silver Corp.

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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