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 report published on Monday morning.

PAAS has been the topic of several other research reports. Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Price Performance

Pan American Silver stock opened at $21.72 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of -127.93 and a beta of 1.33. The firm has a 50-day moving average of $22.50 and a two-hundred day moving average of $21.47. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.10 per share. The ex-dividend date 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 presently -235.28%.

Hedge Funds Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in PAAS. CWM LLC increased its position in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. US Bancorp DE increased its position in Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after buying an additional 660 shares in the last quarter. Signaturefd LLC increased its position in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after buying an additional 774 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after buying an additional 951 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Pan American Silver during the third quarter worth about $28,000. 55.43% of the stock is currently owned by institutional investors.

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.