A number of other research analysts also recently issued reports on the company. B. Riley reiterated a neutral rating and issued a $12.50 price target (down from $22.00) on shares of Pan American Silver in a report on Friday, March 1st. National Bank Financial started coverage on Pan American Silver in a report on Tuesday, March 26th. They issued a sector perform rating on the stock. ValuEngine downgraded Pan American Silver from a hold rating to a sell rating in a report on Monday, May 20th. Deutsche Bank upgraded Pan American Silver from a hold rating to a buy rating and cut their price target for the company from $17.50 to $15.50 in a report on Wednesday, April 10th. Finally, Zacks Investment Research downgraded Pan American Silver from a hold rating to a sell rating in a report on Saturday, March 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $16.97.
PAAS opened at $13.04 on Monday. The business’s fifty day moving average price is $11.41. The stock has a market cap of $1.99 billion, a P/E ratio of 33.44, a P/E/G ratio of 12.08 and a beta of 0.03. Pan American Silver has a 52 week low of $10.26 and a 52 week high of $18.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The business had revenue of $232.60 million for the quarter, compared to the consensus estimate of $240.67 million. During the same period last year, the business posted $0.20 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Equities analysts anticipate that Pan American Silver will post 0.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were issued a $0.035 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.07%. Pan American Silver’s dividend payout ratio is presently 35.90%.
Large investors have recently made changes to their positions in the company. Frontier Capital Management Co. LLC acquired a new stake in shares of Pan American Silver in the 1st quarter worth $35,232,000. Norges Bank acquired a new stake in shares of Pan American Silver in the 4th quarter worth $25,283,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Pan American Silver by 129.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,850,469 shares of the basic materials company’s stock worth $41,616,000 after purchasing an additional 1,606,978 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Pan American Silver by 84.1% in the 4th quarter. Deutsche Bank AG now owns 2,421,835 shares of the basic materials company’s stock worth $35,358,000 after purchasing an additional 1,106,093 shares in the last quarter. Finally, Ruffer LLP acquired a new stake in shares of Pan American Silver in the 1st quarter worth $14,513,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
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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