Pan American Silver (PAAS) Given a $22.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $22.00 price objective on Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in a research report released on Tuesday. The firm currently has a buy rating on the basic materials company’s stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Friday, November 17th. They set a buy rating and a $20.00 price objective for the company. Canaccord Genuity restated a buy rating and set a $23.00 price objective on shares of Pan American Silver in a report on Friday, October 6th. B. Riley upgraded shares of Pan American Silver from a neutral rating to a buy rating and set a $21.00 price objective for the company in a report on Thursday, November 9th. BidaskClub upgraded shares of Pan American Silver from a sell rating to a hold rating in a report on Saturday, August 19th. Finally, Raymond James Financial downgraded shares of Pan American Silver from an outperform rating to a market perform rating and set a $20.50 price objective for the company. in a report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $21.50.

Pan American Silver (NASDAQ PAAS) traded down $0.23 during midday trading on Tuesday, reaching $14.59. 915,000 shares of the company were exchanged, compared to its average volume of 1,764,134. Pan American Silver has a 1-year low of $14.05 and a 1-year high of $21.29. The stock has a market capitalization of $2,270.07, a P/E ratio of 30.88, a PEG ratio of 7.61 and a beta of 0.09.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The business had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. analysts forecast that Pan American Silver will post 0.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a $0.025 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.69%. Pan American Silver’s payout ratio is 16.39%.

Several institutional investors and hedge funds have recently bought and sold shares of PAAS. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 3.5% in the first quarter. Vanguard Group Inc. now owns 2,738,973 shares of the basic materials company’s stock valued at $47,986,000 after acquiring an additional 91,617 shares during the period. Geode Capital Management LLC boosted its position in shares of Pan American Silver by 14.9% in the first quarter. Geode Capital Management LLC now owns 80,299 shares of the basic materials company’s stock valued at $1,406,000 after acquiring an additional 10,429 shares during the period. TD Asset Management Inc. boosted its position in shares of Pan American Silver by 1.3% in the second quarter. TD Asset Management Inc. now owns 1,226,602 shares of the basic materials company’s stock valued at $20,599,000 after acquiring an additional 15,400 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Pan American Silver by 4.3% in the second quarter. Canada Pension Plan Investment Board now owns 97,403 shares of the basic materials company’s stock valued at $1,636,000 after acquiring an additional 4,003 shares during the period. Finally, Foundry Partners LLC boosted its position in shares of Pan American Silver by 8.0% in the second quarter. Foundry Partners LLC now owns 448,965 shares of the basic materials company’s stock valued at $7,552,000 after acquiring an additional 33,426 shares during the period. Hedge funds and other institutional investors own 53.91% of the company’s stock.

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Pan American Silver Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Analyst Recommendations for Pan American Silver (NASDAQ:PAAS)

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