Canaccord Genuity reiterated their buy rating on shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in a report released on Wednesday morning. Canaccord Genuity currently has a $19.50 target price on the basic materials company’s stock.
PAAS has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Pan American Silver from a buy rating to a hold rating in a report on Friday, February 16th. Scotiabank set a $21.00 price target on shares of Pan American Silver and gave the company a buy rating in a report on Monday, January 8th. BidaskClub upgraded shares of Pan American Silver from a strong sell rating to a sell rating in a report on Thursday, December 21st. Royal Bank of Canada reiterated an outperform rating and issued a $22.00 price target on shares of Pan American Silver in a report on Tuesday, January 9th. Finally, Deutsche Bank reduced their price target on shares of Pan American Silver from $20.00 to $19.00 and set a buy rating on the stock in a report on Thursday, March 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $21.18.
Shares of PAAS stock opened at $15.88 on Wednesday. The firm has a market cap of $2,451.46, a PE ratio of 31.14, a PEG ratio of 4.94 and a beta of 0.24. Pan American Silver has a one year low of $13.99 and a one year high of $19.56.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). The firm had revenue of $226.03 million for the quarter, compared to the consensus estimate of $212.17 million. Pan American Silver had a net margin of 15.02% and a return on equity of 5.03%. analysts anticipate that Pan American Silver will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were paid a $0.035 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is presently 27.45%.
Several large investors have recently modified their holdings of PAAS. Cerebellum GP LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth $126,000. SG Americas Securities LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth $131,000. Virtu Financial LLC purchased a new position in shares of Pan American Silver in the 3rd quarter worth $178,000. Two Sigma Securities LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth $178,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pan American Silver by 38.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,274 shares of the basic materials company’s stock worth $260,000 after buying an additional 4,226 shares in the last quarter. 51.48% of the stock is owned by institutional investors and hedge funds.
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Pan American Silver Company Profile
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.
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