Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) gapped down before the market opened on Thursday . The stock had previously closed at $12.92, but opened at $12.66. Pan American Silver shares last traded at $12.64, with a volume of 97285 shares trading hands.

A number of brokerages have recently issued reports on PAAS. Royal Bank of Canada downgraded shares of Pan American Silver from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $19.00 to $17.00 in a report on Thursday. BidaskClub downgraded shares of Pan American Silver from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 31st. ValuEngine raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. TD Securities set a $23.00 price target on shares of Pan American Silver and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.78.

The firm has a market capitalization of $2.19 billion, a PE ratio of 25.25, a P/E/G ratio of 6.81 and a beta of 0.21.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The business had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $193.93 million. Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 EPS. Analysts expect that Pan American Silver Corp. will post 0.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 19th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, November 16th. Pan American Silver’s payout ratio is 27.45%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fore Capital LLC purchased a new position in shares of Pan American Silver in the third quarter worth approximately $148,000. HRT Financial LLC purchased a new position in shares of Pan American Silver in the third quarter worth approximately $151,000. Lincoln National Corp purchased a new position in shares of Pan American Silver in the second quarter worth approximately $224,000. DekaBank Deutsche Girozentrale bought a new stake in Pan American Silver during the 3rd quarter worth approximately $223,000. Finally, Gamco Investors INC. ET AL bought a new stake in Pan American Silver during the 2nd quarter worth approximately $297,000. 48.89% of the stock is currently owned by institutional investors.

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Pan American Silver Company Profile (NASDAQ:PAAS)

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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