Pan American Silver (NYSE:PAAS) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Pan American Silver (NYSE:PAAS) (TSE:PAAS) from a hold rating to a buy rating in a research note released on Monday morning.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Stock Performance

NYSE:PAAS opened at $21.72 on Monday. Pan American Silver has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The company has a 50 day moving average price of $22.52 and a 200 day moving average price of $21.47. The stock has a market capitalization of $7.88 billion, a P/E ratio of -127.76 and a beta of 1.33.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.84%. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

Institutional Trading of Pan American Silver

Several hedge funds have recently added to or reduced their stakes in PAAS. Eastern Bank purchased a new position in Pan American Silver in the third quarter valued at $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,500 shares in the last quarter. CWM LLC grew its position in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares in 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.