Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $21.00.

PAAS has been the topic of a number of recent analyst reports. BidaskClub cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, June 6th. Zacks Investment Research cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. TD Securities set a $23.00 price target on shares of Pan American Silver and gave the stock a “buy” rating in a research note on Thursday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Pan American Silver in a research note on Friday, July 13th. Finally, Deutsche Bank cut shares of Pan American Silver from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Wednesday, July 11th.

NASDAQ:PAAS opened at $15.18 on Tuesday. Pan American Silver has a fifty-two week low of $13.99 and a fifty-two week high of $19.56. The firm has a market cap of $2.42 billion, a PE ratio of 29.76, a P/E/G ratio of 5.87 and a beta of 0.18.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 8th. The basic materials company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.07. Pan American Silver had a net margin of 17.95% and a return on equity of 7.06%. The business had revenue of $216.46 million for the quarter, compared to analysts’ expectations of $213.63 million. research analysts predict that Pan American Silver will post 0.67 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Monday, August 20th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, August 17th. This represents a $0.14 dividend on an annualized basis and a yield of 0.92%. Pan American Silver’s payout ratio is 27.45%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group grew its stake in Pan American Silver by 27.3% in the 2nd quarter. Schroder Investment Management Group now owns 222,803 shares of the basic materials company’s stock valued at $3,912,000 after acquiring an additional 47,793 shares during the last quarter. Bank of America Corp DE grew its stake in Pan American Silver by 41.3% in the 2nd quarter. Bank of America Corp DE now owns 42,007 shares of the basic materials company’s stock valued at $752,000 after acquiring an additional 12,277 shares during the last quarter. Capital Fund Management S.A. grew its stake in Pan American Silver by 34.1% in the 2nd quarter. Capital Fund Management S.A. now owns 345,814 shares of the basic materials company’s stock valued at $6,190,000 after acquiring an additional 88,031 shares during the last quarter. Voya Investment Management LLC grew its stake in Pan American Silver by 24.5% in the 2nd quarter. Voya Investment Management LLC now owns 71,490 shares of the basic materials company’s stock valued at $1,280,000 after acquiring an additional 14,070 shares during the last quarter. Finally, Manatuck Hill Partners LLC acquired a new stake in Pan American Silver in the 2nd quarter valued at about $448,000. 53.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Understanding Stock Ratings

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.