1 week Ago By ABMN Staff
Shares of Pan American Silver Corp. ( NYSE:PAAS – Get Free Report ) (TSE:PAAS) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports.
One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.42.
Several brokerages have recently issued reports on PAAS. Royal Bank of Canada lifted their target price on Pan American Silver from $25.00 to $27.
00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their price objective on Pan American Silver from $21.00 to $23.
00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st.
Check Out Our Latest Stock Analysis on PAAS Pan American Silver Price Performance Pan American Silver Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share.
This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%.
The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -235.29%.
Hedge Funds Weigh In On Pan American Silver A number of institutional investors have recently bought and sold shares of PAAS. Eastern Bank purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the third quarter valued at $32,000.
Mark Sheptoff Financial Planning LLC grew its position in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the period.
US Bancorp DE boosted its stake in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after buying an additional 660 shares during the last quarter.
Finally, Point72 Hong Kong Ltd acquired a new stake in Pan American Silver during the third quarter worth about $146,000. 55.43% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver Company Profile ( Get Free Report 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. Further Reading 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 .
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