Pan American Silver Corp. (NYSE:PAAS) Receives Average Rating of “Moderate Buy” from Analysts

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.7143.

PAAS has been the topic of several analyst reports. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Bank of America reduced their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Jefferies Financial Group lowered their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th.

Hedge Funds Weigh In On Pan American Silver

Several large investors have recently added to or reduced their stakes in the business. Andra AP fonden boosted its stake in Pan American Silver by 33.9% in the 2nd quarter. Andra AP fonden now owns 252,245 shares of the basic materials company’s stock worth $11,298,000 after buying an additional 63,800 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Pan American Silver by 5.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,997 shares of the basic materials company’s stock worth $493,000 after acquiring an additional 585 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Pan American Silver by 34.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,199 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,136 shares during the period. NewEdge Advisors LLC boosted its position in shares of Pan American Silver by 871.7% in the second quarter. NewEdge Advisors LLC now owns 229,888 shares of the basic materials company’s stock worth $10,297,000 after acquiring an additional 206,230 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new stake in shares of Pan American Silver in the second quarter worth approximately $582,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 4.4%

Shares of NYSE:PAAS opened at $50.90 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver has a 52-week low of $33.08 and a 52-week high of $69.99. The stock’s fifty day simple moving average is $48.56 and its 200-day simple moving average is $51.29. The company has a market capitalization of $21.06 billion, a P/E ratio of 15.38, a P/E/G ratio of 4.80 and a beta of 0.77.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, equities research analysts forecast that Pan American Silver will post 3.81 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were given a $0.184 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused primarily on the exploration, development and production of silver and gold. Its operations also produce byproduct metals, including zinc, lead and copper, depending on the mine and ore deposit.

Founded in 1994 and headquartered in Vancouver, British Columbia, Pan American Silver operates mines and development projects across the Americas. The company’s geographic footprint has included Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil, giving it exposure to several of the region’s major silver and gold mining jurisdictions.

Pan American expanded its portfolio through the acquisition of Yamana Gold’s Latin American assets in 2023.