Pan American Silver Corp. (TSE:PAA) Receives Consensus Recommendation of “Hold” from Analysts
Pan American Silver Corp. (TSE:PAA) has earned an average rating of “Hold” from the eight ratings firms that are covering the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$18.90.
PAA has been the subject of a number of recent research reports. TD Securities increased their price objective on shares of Pan American Silver Corp. from C$18.00 to C$23.00 and gave the stock a “hold” rating in a research note on Monday, August 15th. CSFB set a C$21.00 price objective on shares of Pan American Silver Corp. in a research note on Thursday, June 30th. Deutsche Bank AG upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada increased their price objective on shares of Pan American Silver Corp. to C$19.00 and gave the stock a “sector perform” rating in a research note on Monday, June 13th.
Pan American Silver Corp. (TSE:PAA) traded down 10.26% during trading on Tuesday, hitting $20.82. The stock had a trading volume of 812,064 shares. The stock has a 50 day moving average price of $24.14 and a 200 day moving average price of $20.91. Pan American Silver Corp. has a 12-month low of $7.85 and a 12-month high of $27.56. The company’s market capitalization is $3.17 billion.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd were issued a $0.0125 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.22%.
Pan American Silver Corp. Company Profile
Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.
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