Pan American Silver (NYSE:PAAS) Stock Dropped to Hold by TD Securities

TD Securities downgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

PAAS has been the topic of several other reports. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.

Pan American Silver Stock Up 2.9%

PAAS opened at $42.38 on Monday. Pan American Silver has a fifty-two week low of $35.82 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The firm’s fifty day moving average price is $45.69 and its two-hundred day moving average price is $51.36. The company has a market capitalization of $17.47 billion, a P/E ratio of 11.36, a P/E/G ratio of 4.66 and a beta of 0.76.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. Pan American Silver had a net margin of 35.18% and a return on equity of 21.05%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts anticipate that Pan American Silver will post 3.34 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a $0.1850 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.1840. The ex-dividend date is Monday, November 16th. Pan American Silver’s dividend payout ratio (DPR) is currently 19.84%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC grew its holdings in shares of Pan American Silver by 1.1% in the 3rd quarter. Intech Investment Management LLC now owns 231,949 shares of the basic materials company’s stock worth $10,577,000 after purchasing an additional 2,493 shares during the last quarter. North of South Capital LLP increased its position in shares of Pan American Silver by 83.4% during the 3rd quarter. North of South Capital LLP now owns 1,098,134 shares of the basic materials company’s stock worth $49,976,000 after purchasing an additional 499,421 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Pan American Silver by 73.1% during the 3rd quarter. Harbour Investments Inc. now owns 1,035 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 437 shares in the last quarter. Ritholtz Wealth Management bought a new position in Pan American Silver during the 3rd quarter valued at about $206,000. Finally, Leuthold Group LLC lifted its holdings in Pan American Silver by 10.9% during the 3rd quarter. Leuthold Group LLC now owns 66,528 shares of the basic materials company’s stock valued at $3,028,000 after purchasing an additional 6,522 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.