Shares of Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) have received an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.70.
A number of equities research analysts recently weighed in on the stock. National Bank Financial cut their price objective on shares of Pan American Silver from C$33.00 to C$31.50 in a research note on Thursday, October 13th. Royal Bank of Canada upgraded shares of Pan American Silver from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, January 11th. TD Securities dropped their price target on Pan American Silver from $22.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, November 11th. Finally, StockNews.com raised Pan American Silver from a "sell" rating to a "hold" rating in a research note on Tuesday.
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Institutional Trading of Pan American Silver
Large investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its holdings in shares of Pan American Silver by 1,220.0% during the second quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company's stock worth $26,000 after purchasing an additional 1,220 shares during the last quarter. Forsta AP Fonden acquired a new position in shares of Pan American Silver during the second quarter valued at $41,000. Sentry Investment Management LLC acquired a new position in shares of Pan American Silver during the third quarter valued at $37,000. Focused Wealth Management Inc acquired a new position in shares of Pan American Silver during the fourth quarter valued at $39,000. Finally, FMR LLC lifted its stake in shares of Pan American Silver by 123.1% during the second quarter. FMR LLC now owns 2,441 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,347 shares during the period. Institutional investors own 44.11% of the company's stock.
Pan American Silver Trading Up 0.6 %
NASDAQ PAAS opened at $18.23 on Wednesday. Pan American Silver has a one year low of $13.40 and a one year high of $30.56. The company's 50 day moving average price is $17.24 and its 200 day moving average price is $16.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 2.12. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -24.31 and a beta of 1.12.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 9th. The basic materials company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.05. Pan American Silver had a negative net margin of 10.01% and a positive return on equity of 2.47%. The business had revenue of $338.89 million during the quarter, compared to the consensus estimate of $351.58 million. On average, sell-side analysts predict that Pan American Silver will post 0.11 EPS for the current year.
Pan American Silver Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, November 18th. Pan American Silver's payout ratio is presently -53.33%.
About Pan American Silver
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Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. The firm operates through the following segments: Silver, Gold, and Other. The company was founded by Ross J. Beaty and John J. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.
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