Pan American Silver (NYSE:PAAS – Free Report) (TSE:PAAS) had its target price lifted by Jefferies Financial Group from $19.00 to $22.00 in a research report sent to investors on Friday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the basic materials company’s stock.
A number of other equities analysts have also commented on the stock. Scotiabank lifted their price target on shares of Pan American Silver from $20.00 to $23.00 and gave the stock a sector outperform rating in a report on Thursday, May 23rd. CIBC lifted their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an outperformer rating in a report on Wednesday. StockNews.com upgraded shares of Pan American Silver from a sell rating to a hold rating in a report on Saturday, May 11th. Finally, BMO Capital Markets lifted their price target on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of Moderate Buy and a consensus price target of $23.92.
Check Out Our Latest Stock Analysis on Pan American Silver
Pan American Silver Trading Down 1.1 %
Shares of Pan American Silver stock opened at $23.74 on Friday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $24.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.11. The company’s 50 day moving average price is $20.79 and its two-hundred day moving average price is $17.13.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The firm had revenue of $601.40 million for the quarter, compared to analyst estimates of $592.58 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 54.1% on a year-over-year basis. On average, equities analysts anticipate that Pan American Silver will post 0.59 earnings per share for the current year.
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Monday, May 20th. Pan American Silver’s dividend payout ratio is presently -86.96%.
Hedge Funds Weigh In On Pan American Silver
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Pan American Silver by 1.4% during the third quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company’s stock worth $186,627,000 after buying an additional 183,681 shares during the last quarter. Ingalls & Snyder LLC increased its stake in Pan American Silver by 14.1% in the fourth quarter. Ingalls & Snyder LLC now owns 1,609,577 shares of the basic materials company’s stock valued at $26,284,000 after purchasing an additional 199,479 shares in the last quarter. SG Americas Securities LLC bought a new stake in Pan American Silver in the fourth quarter valued at $751,000. B. Riley Wealth Advisors Inc. increased its stake in Pan American Silver by 98.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 184,662 shares of the basic materials company’s stock valued at $2,674,000 after purchasing an additional 91,488 shares in the last quarter. Finally, Norges Bank bought a new stake in Pan American Silver in the fourth quarter valued at $63,066,000. 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.
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