Raymond James Financial, Inc. lowered shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) from an outperform rating to a market perform rating in a report released on Friday. They currently have $20.50 price objective on the basic materials company’s stock.

Several other analysts also recently issued reports on PAAS. Canaccord Genuity reissued a buy rating and issued a $22.00 price target on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. BidaskClub downgraded shares of Pan American Silver Corp. from a hold rating to a sell rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued an outperform rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. UBS AG downgraded shares of Pan American Silver Corp. from an outperform rating to a market perform rating in a research report on Thursday, September 7th. Finally, TheStreet downgraded shares of Pan American Silver Corp. from a b- rating to a c+ rating in a research report on Friday, July 28th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $21.10.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at 18.17 on Friday. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 23.24 and a beta of 0.23. The stock has a 50 day moving average of $17.50 and a 200-day moving average of $17.22.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $201.30 million during the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, analysts forecast that Pan American Silver Corp. will post $0.53 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio is 12.82%.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Pan American Silver Corp. during the 1st quarter worth $164,000. Alliancebernstein L.P. purchased a new position in Pan American Silver Corp. during the 2nd quarter worth $170,000. Sigma Planning Corp purchased a new position in Pan American Silver Corp. during the 2nd quarter worth $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in Pan American Silver Corp. during the 2nd quarter worth $189,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Pan American Silver Corp. by 1,091.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 7,934 shares during the last quarter. 53.91% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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