Tuesday, October 24, 2017
Stock Market

Pan American Silver Corp. 2017

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Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday. The firm presently has a $22.00 price target on the stock, up from their prior price target of $17.20. Royal Bank of Canada’s price objective indicates a potential upside of 25.86% from the company’s current price.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Pan American Silver Corp. from a “c” rating to a “b-” rating in a report on Friday, February 24th. Bank of America Corp upgraded shares of Pan American Silver Corp. from an “underperform” rating to a “buy” rating in a report on Tuesday, November 22nd. Vetr upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $19.34 price objective for the company in a report on Monday, January 30th. TD Securities upgraded shares of Pan American Silver Corp. to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, January 16th. Finally, Canaccord Genuity cut shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $17.00 in a report on Monday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Pan American Silver Corp. presently has an average rating of “Buy” and a consensus target price of $20.65.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded down 2.83% on Tuesday, reaching $17.48. 1,894,927 shares of the company were exchanged. The firm has a market capitalization of $2.66 billion, a PE ratio of 26.57 and a beta of 0.55. Pan American Silver Corp. has a 12-month low of $10.32 and a 12-month high of $21.59. The company’s 50 day moving average is $18.34 and its 200 day moving average is $17.24.

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were given a dividend of $0.025 per share. This is a positive change from Pan American Silver Corp.’s previous quarterly dividend of $0.01. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 23rd. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently -13.51%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Pan American Silver Corp. during the fourth quarter worth $13,710,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Pan American Silver Corp. during the fourth quarter worth $5,095,000. Ladenburg Thalmann Financial Services Inc. raised its position in Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the company’s stock worth $167,000 after buying an additional 1,167 shares during the last quarter. AQR Capital Management LLC raised its position in Pan American Silver Corp. by 46.1% in the fourth quarter. AQR Capital Management LLC now owns 241,671 shares of the company’s stock worth $3,649,000 after buying an additional 76,272 shares during the last quarter. Finally, Ellington Management Group LLC raised its position in Pan American Silver Corp. by 23.4% in the fourth quarter. Ellington Management Group LLC now owns 13,200 shares of the company’s stock worth $199,000 after buying an additional 2,500 shares during the last quarter. 46.26% of the stock is currently owned by institutional investors.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

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