Pan American Silver (NYSE:PAAS) Sets New 12-Month High – Should You Buy?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $25.14 and last traded at $25.14, with a volume of 118782 shares. The stock had previously closed at $24.41.

Analyst Ratings Changes

A number of research analysts recently weighed in on PAAS shares. Jefferies Financial Group upped their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Scotiabank upped their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. Finally, CIBC upped their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Stock Performance

The company’s 50 day simple moving average is $21.03 and its 200 day simple moving average is $20.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The stock has a market cap of $9.38 billion, a PE ratio of -66.28 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. Analysts expect that Pan American Silver Corp. will post 0.62 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is -102.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Pan American Silver by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock valued at $213,361,000 after purchasing an additional 176,979 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Pan American Silver by 9.7% in the first quarter. Commonwealth Equity Services LLC now owns 96,027 shares of the basic materials company’s stock worth $1,448,000 after acquiring an additional 8,504 shares during the period. Privium Fund Management B.V. grew its position in shares of Pan American Silver by 8.7% in the first quarter. Privium Fund Management B.V. now owns 29,898 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 2,383 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Pan American Silver by 1.4% during the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after purchasing an additional 653,064 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Pan American Silver by 20.9% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 28,451 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 4,916 shares in the last quarter. Hedge funds and other institutional investors 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.