Pan American Silver (NYSE:PAAS) Shares Gap Up – Should You Buy?

Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $26.70, but opened at $27.37. Pan American Silver shares last traded at $27.08, with a volume of 801,249 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Scotiabank raised their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Stock Down 0.3 %

The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 82.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The business’s 50-day moving average is $23.79 and its 200-day moving average is $22.51.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Institutional Investors Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its position in Pan American Silver by 143.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,163 shares of the basic materials company’s stock valued at $630,000 after acquiring an additional 18,343 shares in the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in Pan American Silver in the 4th quarter valued at about $3,365,000. Pullen Investment Management LLC increased its position in Pan American Silver by 40.8% in the 4th quarter. Pullen Investment Management LLC now owns 86,748 shares of the basic materials company’s stock valued at $1,754,000 after acquiring an additional 25,154 shares in the last quarter. Credit Industriel ET Commercial acquired a new stake in Pan American Silver in the 4th quarter valued at about $8,537,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Pan American Silver in the 4th quarter valued at about $3,032,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

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.