Royal Bank Of Canada Reiterates “Outperform” Rating for Pan American Silver Corp. (NASDAQ:PAAS)

Royal Bank Of Canada restated their outperform rating on shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in a report released on Thursday, September 7th.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Pan American Silver Corp. from a sell rating to a hold rating in a report on Tuesday, July 25th. BMO Capital Markets reiterated a hold rating and issued a $17.50 price objective on shares of Pan American Silver Corp. in a report on Thursday, June 29th. FBR & Co increased their price objective on Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a mkt perform rating in a report on Friday, May 12th. UBS AG cut Pan American Silver Corp. from an outperform rating to a market perform rating in a report on Thursday, September 7th. Finally, TD Securities reiterated a buy rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $21.10.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded down 0.67% during trading on Thursday, hitting $17.76. The stock had a trading volume of 1,930,406 shares. The firm has a 50-day moving average price of $17.68 and a 200 day moving average price of $17.23. The company has a market capitalization of $2.72 billion, a PE ratio of 22.71 and a beta of 0.23. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. Pan American Silver Corp.’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. Equities analysts anticipate that Pan American Silver Corp. will post $0.53 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio is currently 12.82%.

Several large investors have recently made changes to their positions in PAAS. Russell Investments Group Ltd. raised its position in shares of Pan American Silver Corp. by 149.4% in the 1st quarter. Russell Investments Group Ltd. now owns 293,362 shares of the basic materials company’s stock worth $5,101,000 after acquiring an additional 175,744 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Pan American Silver Corp. by 51.6% in the 1st quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock worth $8,726,000 after acquiring an additional 169,511 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Pan American Silver Corp. by 20.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 93,400 shares of the basic materials company’s stock worth $1,630,000 after acquiring an additional 15,700 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Pan American Silver Corp. by 700.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 119,103 shares of the basic materials company’s stock worth $2,087,000 after acquiring an additional 104,217 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Pan American Silver Corp. by 21.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 2,422 shares in the last quarter. 53.91% of the stock is owned by hedge funds and other institutional investors.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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