Pan American Silver (NYSE:PAAS) Upgraded 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 research report sent to investors on Monday.

Several other equities analysts have also recently issued reports on PAAS. Jefferies Financial Group boosted their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada upped their price objective 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $21.72 on Monday. Pan American Silver has a 1 year low of $12.16 and a 1 year high of $26.05. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of -127.76 and a beta of 1.33. 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 business has a fifty day moving average of $22.52 and a 200 day moving average of $21.47.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lighthouse Investment Partners LLC acquired a new position in shares of Pan American Silver during the 2nd quarter valued at about $990,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $963,000. Cetera Investment Advisers acquired a new stake in shares of Pan American Silver during the 1st quarter worth approximately $1,565,000. Stratos Wealth Advisors LLC raised its position in shares of Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after buying an additional 39,873 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Pan American Silver by 121.6% in the first quarter. Janus Henderson Group PLC now owns 45,279 shares of the basic materials company’s stock valued at $682,000 after acquiring an additional 24,847 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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.