Pan American Silver Corp. (PAAS) Stock Rating Upgraded by Royal Bank of Canada

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm presently has a $22.00 price target on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.91% from the stock’s current price.

Other analysts have also recently issued reports about the company. Vetr upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $20.50 price target on the stock in a research report on Thursday, February 16th. Scotiabank cut Pan American Silver Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 16th. TheStreet upgraded Pan American Silver Corp. from a “c” rating to a “b-” rating in a research report on Friday, February 24th. Bank of America Corp upgraded Pan American Silver Corp. from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 22nd. Finally, Zacks Investment Research cut Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.67.

Analyst Recommendations for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) opened at 17.20 on Tuesday. Pan American Silver Corp. has a 52-week low of $10.07 and a 52-week high of $21.59. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 26.14 and a beta of 0.55. The firm’s 50-day moving average price is $18.59 and its 200 day moving average price is $17.24.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Monday, February 27th were given a $0.025 dividend. This is a boost from Pan American Silver Corp.’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 23rd. Pan American Silver Corp.’s dividend payout ratio (DPR) is currently -13.51%.

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A number of hedge funds have recently bought and sold shares of PAAS. Private Advisor Group LLC raised its position in shares of Pan American Silver Corp. by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 26,787 shares of the company’s stock worth $456,000 after buying an additional 195 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in shares of Pan American Silver Corp. by 3.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 15,894 shares of the company’s stock worth $280,000 after buying an additional 550 shares during the last quarter. Advisor Group Inc. raised its position in shares of Pan American Silver Corp. by 2.8% in the third quarter. Advisor Group Inc. now owns 23,827 shares of the company’s stock worth $413,000 after buying an additional 638 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Pan American Silver Corp. by 8.4% in the third quarter. Moors & Cabot Inc. now owns 12,850 shares of the company’s stock worth $229,000 after buying an additional 1,000 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the company’s stock worth $167,000 after buying an additional 1,167 shares during the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

5 Day Chart for NASDAQ:PAAS

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