The stock of Pan American Silver Corp. (NYSE:PAAS) last traded at $16.47, down -0.90% from the previous session.
Data from the available sources indicates that Pan American Silver Corp. (NYSE:PAAS) is covered by 8 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $20.00, we find $24.81. Given the previous closing price of $16.62, this indicates a potential upside of 49.28 percent. PAAS stock price is now 6.66% away from the 50-day moving average and -0.01% away from the 200-day moving average. The market capitalization of the company currently stands at $6.08B.
In total, 0 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $24.73 as their price target over the next twelve months.
With the price target enhanced from $19 to $22, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Pan American Silver Corp. (NYSE: PAAS).
A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PAAS stock. A new stake in Pan American Silver Corp. shares was purchased by ORBIS ALLAN GRAY LTD during the first quarter worth $36,202,000. ASSENAGON ASSET MANAGEMENT S.A. invested $33,525,000 in shares of PAAS during the first quarter. In the first quarter, INTACT INVESTMENT MANAGEMENT INC. acquired a new stake in Pan American Silver Corp. valued at approximately $26,640,000. LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD acquired a new stake in PAAS for approximately $6,782,000. TWIN TREE MANAGEMENT, LP purchased a new stake in PAAS valued at around $3,349,000 in the second quarter. In total, there are 545 active investors with 60.90% ownership of the company’s stock.
With an opening price of $16.84 on Wednesday morning, Pan American Silver Corp. (NYSE: PAAS) set off the trading day. During the past 12 months, Pan American Silver Corp. has had a low of $13.40 and a high of $19.84. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 2.10, and a quick ratio of 1.10. The fifty day moving average price for PAAS is $15.48 and a two-hundred day moving average price translates $16.48 for the stock.
The latest earnings results from Pan American Silver Corp. (NYSE: PAAS) was released for Jun, 2023. According to the Gold Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.08 by -0.04. This compares to -$0.82 EPS in the same period last year. The net profit margin was -15.70% and return on equity was -7.60% for PAAS. The company reported revenue of $639.9 million for the quarter, compared to $340.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 87.93 percent. For the current quarter, analysts expect PAAS to generate $687.87M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/21/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 2.43% percent yield. There was an ex-dividend date of 08/18/2023 for this dividend.
Pan American Silver Corp.(PAAS) 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, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.
