TD Securities Issues Positive Forecast for Pan American Silver (NYSE:PAAS) Stock Price

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its target price raised by TD Securities from $25.00 to $28.00 in a research report sent to investors on Thursday morning, MarketBeat reports. TD Securities currently has a buy rating on the basic materials company’s stock.

Several other research firms have also recently weighed in on PAAS. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $28.08.

Pan American Silver Stock Down 4.3 %

Pan American Silver stock opened at $23.93 on Thursday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 74.77 and a beta of 1.28. The company’s 50 day simple moving average is $22.61 and its 200 day simple moving average is $22.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver has a fifty-two week low of $12.19 and a fifty-two week high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts anticipate that Pan American Silver will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s dividend payout ratio is presently 125.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock worth $160,000 after buying an additional 451 shares during the last quarter. US Bancorp DE raised its holdings in Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. grew its stake in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Pan American Silver by 2.4% during the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock worth $611,000 after purchasing an additional 715 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.