Pan American Silver Corp. (NASDAQ:PAAS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.50.

A number of equities research analysts have commented on PAAS shares. National Bank Financial upgraded Pan American Silver from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from $50.00 to $48.00 in a research note on Monday, May 17th. National Bank of Canada raised shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and decreased their price objective for the company from $50.00 to $48.00 in a research report on Monday, May 17th. TheStreet downgraded shares of Pan American Silver from a “b” rating to a “c+” rating in a research report on Thursday, June 3rd. Finally, Zacks Investment Research cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Thursday, April 22nd.

NASDAQ PAAS opened at $32.32 on Friday. Pan American Silver has a 52 week low of $24.82 and a 52 week high of $40.11. The stock’s 50 day moving average price is $33.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 2.58. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 12.54 and a beta of 1.30.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 11th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.25). Pan American Silver had a return on equity of 11.50% and a net margin of 18.24%. The firm had revenue of $368.10 million during the quarter, compared to analysts’ expectations of $459.85 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. Pan American Silver’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts anticipate that Pan American Silver will post 1.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 7th. Shareholders of record on Tuesday, May 25th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Monday, May 24th. Pan American Silver’s dividend payout ratio is presently 10.34%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. purchased a new stake in shares of Pan American Silver in the 1st quarter valued at $178,000. Virtu Financial LLC purchased a new stake in Pan American Silver in the first quarter valued at $249,000. Squarepoint Ops LLC acquired a new stake in Pan American Silver during the 1st quarter worth about $2,160,000. Paloma Partners Management Co purchased a new position in shares of Pan American Silver during the 1st quarter valued at about $1,024,000. Finally, Millennium Management LLC lifted its holdings in shares of Pan American Silver by 294.8% in the 1st quarter. Millennium Management LLC now owns 346,706 shares of the basic materials company’s stock valued at $10,412,000 after buying an additional 258,877 shares during the period. Institutional investors and hedge funds own 45.45% of the company’s stock.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Pas Corp, and Navidad mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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