Pan American Silver Corp. (PAAS) Receives $18.39 Consensus Target Price from Analysts

Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.39.

Several research analysts have issued reports on PAAS shares. Royal Bank of Canada downgraded Pan American Silver from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $19.00 to $17.00 in a report on Thursday, November 15th. BidaskClub raised Pan American Silver from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 13th. Zacks Investment Research raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Bank of America downgraded Pan American Silver from a “neutral” rating to an “underperform” rating and cut their price target for the company from $16.70 to $12.75 in a research note on Monday, November 19th. Finally, Deutsche Bank set a $18.00 price target on Pan American Silver and gave the company a “hold” rating in a research note on Tuesday, October 2nd.

NASDAQ PAAS traded down $0.01 during trading hours on Thursday, reaching $13.25. 152,815 shares of the company’s stock were exchanged, compared to its average volume of 2,169,442. The firm has a market cap of $1.98 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 6.41 and a beta of 0.18. Pan American Silver has a one year low of $12.12 and a one year high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.10). Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The business had revenue of $187.70 million for the quarter, compared to the consensus estimate of $193.93 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, research analysts anticipate that Pan American Silver will post 0.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Monday, November 19th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, November 16th. Pan American Silver’s payout ratio is presently 27.45%.

Hedge funds have recently added to or reduced their stakes in the business. Fore Capital LLC bought a new position in Pan American Silver during the 3rd quarter worth about $148,000. HRT Financial LLC bought a new position in Pan American Silver during the 3rd quarter worth about $151,000. Neuberger Berman Group LLC bought a new position in Pan American Silver during the 3rd quarter worth about $166,000. DekaBank Deutsche Girozentrale bought a new position in Pan American Silver during the 3rd quarter worth about $223,000. Finally, Lincoln National Corp bought a new position in Pan American Silver during the 2nd quarter worth about $224,000. Hedge funds and other institutional investors own 51.25% of the company’s stock.

Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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