Pan American Silver (PAAS) Reaches New 12-Month Low at $10.29

Shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) hit a new 52-week low during trading on Wednesday . The company traded as low as $10.29 and last traded at $10.33, with a volume of 56881 shares traded. The stock had previously closed at $10.35.

A number of brokerages have commented on PAAS. BidaskClub cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Deutsche Bank upgraded Pan American Silver from a “hold” rating to a “buy” rating and reduced their price target for the stock from $17.50 to $15.50 in a research report on Wednesday, April 10th. National Bank Financial began coverage on Pan American Silver in a research report on Tuesday, March 26th. They issued a “sector perform” rating for the company. Zacks Investment Research upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, ValuEngine cut Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.97.

The company has a quick ratio of 2.74, a current ratio of 3.83 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.58 billion, a PE ratio of 42.92, a PEG ratio of 8.94 and a beta of -0.15.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $240.67 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, analysts expect that Pan American Silver Corp. will post 0.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Tuesday, May 21st will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, May 20th. Pan American Silver’s dividend payout ratio is currently 35.90%.

Several large investors have recently added to or reduced their stakes in PAAS. Frontier Capital Management Co. LLC purchased a new stake in shares of Pan American Silver during the first quarter worth about $35,232,000. Morgan Stanley boosted its stake in Pan American Silver by 213.1% during the first quarter. Morgan Stanley now owns 3,375,532 shares of the basic materials company’s stock valued at $44,726,000 after buying an additional 2,297,295 shares during the last quarter. Norges Bank bought a new position in Pan American Silver during the fourth quarter valued at approximately $25,283,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Pan American Silver by 129.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,850,469 shares of the basic materials company’s stock valued at $41,616,000 after buying an additional 1,606,978 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Pan American Silver by 174.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,503,314 shares of the basic materials company’s stock valued at $36,548,000 after buying an additional 1,592,198 shares during the last quarter. Hedge funds and other institutional investors own 73.74% of the company’s stock.

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Pan American Silver Company Profile (NASDAQ:PAAS)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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