A number of other research analysts also recently weighed in on PAAS. TD Securities reissued a buy rating on shares of Pan American Silver Corp. in a research report on Wednesday, May 10th. UBS AG downgraded shares of Pan American Silver Corp. from an outperform rating to a market perform rating in a report on Thursday. BidaskClub raised shares of Pan American Silver Corp. from a sell rating to a hold rating in a report on Saturday, August 19th. BMO Capital Markets reiterated a hold rating and issued a $17.50 target price on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded shares of Pan American Silver Corp. from a sell rating to a hold rating in a research note on Tuesday, July 25th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Pan American Silver Corp. has an average rating of Hold and a consensus price target of $21.10.
Pan American Silver Corp. (NASDAQ PAAS) traded down 1.16% during trading on Thursday, reaching $18.75. The company’s stock had a trading volume of 1,030,727 shares. The stock’s 50-day moving average is $17.48 and its 200 day moving average is $17.26. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The company has a market cap of $2.87 billion, a P/E ratio of 23.98 and a beta of 0.23.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. During the same quarter in the prior year, the business posted $0.13 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Pan American Silver Corp. will post $0.54 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were given a $0.025 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.53%. Pan American Silver Corp.’s payout ratio is currently 12.82%.
Several hedge funds have recently added to or reduced their stakes in PAAS. SG Americas Securities LLC purchased a new position in shares of Pan American Silver Corp. in the first quarter worth $164,000. Alliancebernstein L.P. purchased a new stake in Pan American Silver Corp. during the second quarter valued at $170,000. Sigma Planning Corp purchased a new stake in Pan American Silver Corp. during the second quarter valued at $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Pan American Silver Corp. during the second quarter valued at $189,000. Finally, Tower Research Capital LLC TRC raised its stake in Pan American Silver Corp. by 1,091.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 7,934 shares in the last quarter. 53.91% of the stock is currently owned by hedge funds and other institutional investors.
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.
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