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

Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been given an average recommendation of “Buy” by the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.17.

Several equities analysts have recently weighed in on PAAS shares. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective on shares of Pan American Silver Corp. in a research report on Friday, October 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. BidaskClub lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Raymond James Financial, Inc. lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective on the stock. in a research report on Friday, September 8th. Finally, UBS AG lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th.

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A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its stake in Pan American Silver Corp. by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock worth $713,000 after buying an additional 679 shares in the last quarter. Advisor Group Inc. grew its stake in Pan American Silver Corp. by 3.9% during the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock worth $362,000 after buying an additional 800 shares in the last quarter. National Asset Management Inc. grew its stake in Pan American Silver Corp. by 4.3% during the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock worth $344,000 after buying an additional 850 shares in the last quarter. Legal & General Group Plc grew its stake in Pan American Silver Corp. by 5.7% during the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock worth $307,000 after buying an additional 990 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in Pan American Silver Corp. by 1.7% during the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock worth $1,187,000 after buying an additional 1,208 shares in the last quarter. Hedge funds and other institutional investors own 53.67% of the company’s stock.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up $0.45 on Friday, hitting $15.20. 2,116,603 shares of the stock traded hands, compared to its average volume of 1,847,391. The company has a market capitalization of $2,328.28, a price-to-earnings ratio of 31.67, a PEG ratio of 8.09 and a beta of 0.15. Pan American Silver Corp. has a 52 week low of $14.05 and a 52 week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. The company’s revenue was down 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. analysts anticipate that Pan American Silver Corp. will post 0.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be paid a $0.025 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 16.39%.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

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