TD Securities Boosts Pan American Silver (NYSE:PAAS) Price Target to $28.00

Pan American Silver (NYSE:PAAS) (TSE:PAAS) had its price objective hoisted by TD Securities from $25.00 to $28.00 in a report issued on Thursday, Marketbeat Ratings reports. TD Securities currently has a buy rating on the basic materials company’s stock.

A number of other research analysts have also commented on PAAS. Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $28.08.

Pan American Silver Price Performance

NYSE:PAAS opened at $23.93 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver has a 12-month low of $12.19 and a 12-month high of $26.05. The stock’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $22.08. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 74.77 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. On average, analysts anticipate that Pan American Silver will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. Pan American Silver’s dividend payout ratio is presently 125.00%.

Institutional Investors Weigh In On Pan American Silver

A number of large investors have recently added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver in the third quarter valued at about $32,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver during the fourth quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pan American Silver during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Company Profile

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.