Analysts Set Pan American Silver Corp. (NYSE:PAAS) Price Target at $70.43

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $70.4286.

A number of brokerages have weighed in on PAAS. Zacks Research downgraded Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Jefferies Financial Group lowered their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Bank of America lowered their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Monday, May 11th.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAAS. Vanguard Group Inc. lifted its stake in shares of Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares in the last quarter. Invesco Ltd. boosted its stake in Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares during the period. FIL Ltd grew its holdings in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares in the last quarter. Norges Bank purchased a new position in Pan American Silver in the 4th quarter worth approximately $303,611,000. Finally, Capital International Investors purchased a new position in Pan American Silver in the fourth quarter worth $215,484,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

NYSE PAAS opened at $43.08 on Thursday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.72. The stock has a fifty day simple moving average of $46.98 and a 200 day simple moving average of $53.80. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver has a twelve month low of $26.76 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 49.3% compared to the same quarter last year. Sell-side analysts expect that Pan American Silver will post 4.15 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio 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.