Analysts Set Pan American Silver Corp. (NYSE:PAAS) Target Price at $68.00

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $68.00.

PAAS has been the topic of several analyst reports. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th.

Institutional Investors Weigh In On Pan American Silver

A number of institutional investors have recently added to or reduced their stakes in PAAS. Fifth Third Bancorp boosted its position in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares during the last quarter. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the 4th quarter valued at about $34,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at about $41,000. Finally, Harbor Investment Advisory LLC purchased a new position in shares of Pan American Silver during the first quarter valued at about $44,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

NYSE:PAAS opened at $53.89 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The stock has a 50-day simple moving average of $55.37 and a two-hundred day simple moving average of $53.27. The firm has a market capitalization of $22.71 billion, a PE ratio of 17.33, a P/E/G ratio of 0.43 and a beta of 0.65. Pan American Silver has a 52-week low of $23.73 and a 52-week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Analysts forecast that Pan American Silver will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.