Analysts Set Pan American Silver Corp. (NYSE:PAAS) PT at $41.25

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) have received a consensus rating of “Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $41.25.

Several research analysts have weighed in on the company. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, CIBC raised their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th.

Pan American Silver Price Performance

Pan American Silver stock opened at $42.57 on Friday. The stock has a market capitalization of $17.97 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.44 and a beta of 0.63. Pan American Silver has a 12-month low of $19.80 and a 12-month high of $42.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The firm’s 50-day moving average is $37.61 and its two-hundred day moving average is $32.29.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. Equities analysts predict that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be given a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, November 24th. Pan American Silver’s dividend payout ratio is 32.37%.

Hedge Funds Weigh In On Pan American Silver

Several institutional investors and hedge funds have recently bought and sold shares of PAAS. Vontobel Holding Ltd. bought a new stake in shares of Pan American Silver in the 2nd quarter worth about $2,521,000. Intech Investment Management LLC increased its holdings in Pan American Silver by 189.0% in the first quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 70,593 shares during the last quarter. Triasima Portfolio Management inc. raised its stake in Pan American Silver by 29.1% during the second quarter. Triasima Portfolio Management inc. now owns 211,010 shares of the basic materials company’s stock valued at $5,975,000 after buying an additional 47,500 shares in the last quarter. Oxbow Advisors LLC raised its stake in Pan American Silver by 34.3% during the second quarter. Oxbow Advisors LLC now owns 449,985 shares of the basic materials company’s stock valued at $12,780,000 after buying an additional 114,875 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in Pan American Silver by 107.8% during the 2nd quarter. Bayforest Capital Ltd now owns 21,927 shares of the basic materials company’s stock worth $623,000 after buying an additional 11,373 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.