Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has been given an average recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $17.11.
A number of equities analysts recently issued reports on the company. BidaskClub lowered Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Deutsche Bank raised Pan American Silver from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $17.50 to $15.50 in a report on Wednesday, April 10th. National Bank Financial assumed coverage on Pan American Silver in a report on Tuesday, March 26th. They issued a “sector perform” rating for the company. Zacks Investment Research raised Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. Finally, ValuEngine lowered Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday.
Shares of Pan American Silver stock traded up $0.17 on Thursday, reaching $10.51. 18,370 shares of the company were exchanged, compared to its average volume of 2,051,812. The company has a current ratio of 3.83, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 11.32 and a beta of -0.15. Pan American Silver has a 1-year low of $10.29 and a 1-year high of $18.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is 35.90%.
A number of hedge funds and other institutional investors have recently modified their holdings of PAAS. Frontier Capital Management Co. LLC bought a new position in Pan American Silver during the 1st quarter valued at $35,232,000. Morgan Stanley boosted its stake in Pan American Silver by 213.1% during the 1st quarter. Morgan Stanley now owns 3,375,532 shares of the basic materials company’s stock valued at $44,726,000 after purchasing an additional 2,297,295 shares in the last quarter. Norges Bank bought a new position in Pan American Silver during the 4th quarter valued at $25,283,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Pan American Silver by 129.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,850,469 shares of the basic materials company’s stock valued at $41,616,000 after purchasing an additional 1,606,978 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Pan American Silver by 174.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,503,314 shares of the basic materials company’s stock valued at $36,548,000 after purchasing an additional 1,592,198 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver Company Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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