Latest Stocks: FBR & Co Boosts Pan American Silver Corp. (PAAS) Price Target to $22.00

Latest Stocks: FBR & Co Boosts Pan American Silver Corp. (PAAS) Price Target to $22.00

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) had its price objective lifted by investment analysts at FBR & Co from $20.00 to $22.00 in a research note issued on Friday, May 12th. The firm currently has a “mkt perform” rating on the basic materials company’s stock. FBR & Co’s price objective indicates a potential upside of 25.71% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. TD Securities reissued a “buy” rating on shares of Pan American Silver Corp. in a research note on Wednesday, May 10th. Credit Suisse Group AG reissued a “neutral” rating on shares of Pan American Silver Corp. in a research note on Tuesday, April 18th. CSFB started coverage on shares of Pan American Silver Corp. in a research note on Thursday, April 13th. They issued a “neutral” rating for the company. Finally, BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $21.00 to $19.00 in a report on Friday, March 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.85.

Shares of Pan American Silver Corp. (NASDAQ PAAS) opened at 17.50 on Friday. The company has a 50 day moving average of $17.24 and a 200-day moving average of $17.49. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 22.64 and a beta of 0.55. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.59.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a negative net margin of 7.23% and a positive return on equity of 3.22%. The firm had revenue of $198.70 million during the quarter, compared to analyst estimates of $179.02 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, analysts anticipate that Pan American Silver Corp. will post $0.54 earnings per share for the current year. The company also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Tuesday, May 23rd were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, May 19th. Pan American Silver Corp.’s payout ratio is currently -13.51%.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a negative net margin of 7.23% and a positive return on equity of 3.22%. The firm had revenue of $198.70 million during the quarter, compared to analyst estimates of $179.02 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. On average, analysts anticipate that Pan American Silver Corp. will post $0.54 earnings per share for the current year. Several hedge funds have recently modified their holdings of PAAS. Private Advisor Group LLC boosted its stake 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 basic materials company’s stock worth $456,000 after buying an additional 195 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Pan American Silver Corp. by 8.4% in the third quarter. Moors & Cabot Inc. now owns 12,850 shares of the basic materials company’s stock worth $229,000 after buying an additional 1,000 shares during the last quarter. Bennicas & Associates Inc. boosted its stake in shares of Pan American Silver Corp. by 1.3% in the first quarter. Bennicas & Associates Inc. now owns 79,450 shares of the basic materials company’s stock worth $1,392,000 after buying an additional 1,000 shares during the last quarter. WFG Advisors LP boosted its stake in shares of Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock worth $283,000 after buying an additional 1,020 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake 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 basic materials company’s stock worth $167,000 after buying an additional 1,167 shares during the last quarter. Institutional investors and hedge funds own 46.26% of the company’s stock.

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