Pan American Silver (NYSE:PAAS) Shares Gap Down – What’s Next?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $55.39, but opened at $52.50. Pan American Silver shares last traded at $51.5870, with a volume of 2,820,497 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 25th. Finally, Bank of America lifted their price objective on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Stock Up 0.8%

The company has a market cap of $22.22 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 0.49 and a beta of 0.72. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $42.65 and its 200-day moving average price is $36.34.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The business had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were given a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is presently 32.37%.

Institutional Trading of Pan American Silver

Several hedge funds have recently bought and sold shares of PAAS. Moneda S.A. Administradora General de Fondos acquired a new position in shares of Pan American Silver in the third quarter valued at approximately $567,000. Swiss Life Asset Management Ltd lifted its position in Pan American Silver by 19.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 40,036 shares of the basic materials company’s stock valued at $1,553,000 after acquiring an additional 6,644 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Pan American Silver in the 3rd quarter valued at $113,000. Coldstream Capital Management Inc. boosted its stake in Pan American Silver by 108.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,241 shares of the basic materials company’s stock worth $978,000 after purchasing an additional 13,116 shares during the period. Finally, Advisory Services Network LLC increased its holdings in Pan American Silver by 53.3% during the 3rd quarter. Advisory Services Network LLC now owns 11,931 shares of the basic materials company’s stock worth $462,000 after purchasing an additional 4,148 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.