Pan American Silver Corp. (NYSE:PAAS) Stock Has Consensus Price Target of $67.71

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $67.71.

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada dropped their price target on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Bank of America cut their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group reduced their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Finally, Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Pan American Silver

A number of hedge funds have recently made changes to their positions in PAAS. RFG Advisory LLC lifted its stake in Pan American Silver by 2.5% during the first quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 191 shares in the last quarter. Grand Central Investment Group grew its stake in shares of Pan American Silver by 0.5% in the first quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock valued at $2,447,000 after buying an additional 211 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Pan American Silver by 7.8% in the first quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after buying an additional 251 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Pan American Silver by 4.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company’s stock valued at $460,000 after buying an additional 419 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 3.5%

Shares of Pan American Silver stock opened at $43.82 on Tuesday. The firm has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $50.20. The company has a market cap of $18.13 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. Pan American Silver has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. As a group, equities analysts predict that Pan American Silver will post 3.80 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of C$0.18 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of C$0.18. Pan American Silver’s dividend payout ratio is 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.