Pan American Silver (NASDAQ:PAAS) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) from a buy rating to a hold rating in a research report sent to investors on Saturday, BidAskClub reports.

A number of other research analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Pan American Silver from $20.00 to $22.00 and gave the stock a buy rating in a research note on Friday, August 9th. National Bank Financial raised Pan American Silver from a sector perform rating to an outperform rating and set a $31.00 target price on the stock in a report on Friday, August 30th. ValuEngine upgraded Pan American Silver from a hold rating to a buy rating in a research note on Tuesday, August 27th. Royal Bank of Canada raised Pan American Silver from a sector perform rating to an outperform rating and lifted their price target for the stock from $17.00 to $23.00 in a report on Thursday, September 5th. Finally, Zacks Investment Research raised Pan American Silver from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Pan American Silver currently has an average rating of Buy and an average target price of $21.18.

PAAS stock opened at $17.32 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.08 and a quick ratio of 2.98. The firm has a market capitalization of $3.72 billion, a P/E ratio of 44.41, a P/E/G ratio of 11.38 and a beta of 0.07. The business’s 50-day moving average is $17.07 and its two-hundred day moving average is $13.71. Pan American Silver has a 1 year low of $10.26 and a 1 year high of $19.48.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Pan American Silver had a positive return on equity of 0.56% and a negative net margin of 2.39%. The business had revenue of $282.90 million during the quarter, compared to analysts’ expectations of $320.98 million. During the same quarter last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. On average, analysts expect that Pan American Silver will post 0.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.062 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.25 dividend on an annualized basis and a yield of 1.43%. Pan American Silver’s dividend payout ratio (DPR) is presently 35.90%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAAS. NumerixS Investment Technologies Inc purchased a new position in Pan American Silver during the 1st quarter worth $106,000. Cetera Advisor Networks LLC purchased a new stake in Pan American Silver during the 1st quarter valued at approximately $135,000. Campbell & CO Investment Adviser LLC purchased a new stake in Pan American Silver during the 1st quarter valued at approximately $136,000. Comerica Bank acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Pan American Silver by 19.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,300 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 2,039 shares during the period. Institutional investors own 51.29% of the company’s stock.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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