Pan American Silver Corp. Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:PAAS)

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Pan American Silver Corp. (NASDAQ:PAAS) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the company, Analyst Ratings Network.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $12.73.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) traded up 0.70% during mid-day trading on Monday, hitting $14.38. 335,389 shares of the company’s stock traded hands. Pan American Silver Corp. has a 1-year low of $9.78 and a 1-year high of $16.99. The stock has a 50-day moving average of $13.61 and a 200-day moving average of $11.75. The company’s market cap is $2.178 billion.

Pan American Silver Corp. (NASDAQ:PAAS) last announced its earnings results on Thursday, February 20th. The company reported ($1.94) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $2.01. The company had revenue of $192.40 million for the quarter, compared to the consensus estimate of $196.48 million. On average, analysts predict that Pan American Silver Corp. will post $0.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, February 27th.

A number of analysts have recently weighed in on PAAS shares. Analysts at Deutsche Bank downgraded shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. They now have a $15.00 price target on the stock, up previously from $14.00. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs downgraded shares of Pan American Silver Corp. from a “neutral” rating to a “sell” rating in a research note on Tuesday, February 25th. They now have a $10.00 price target on the stock, down previously from $15.22. Finally, analysts at TD Securities upgraded shares of Pan American Silver Corp. from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

Pan American Silver Corp. (NASDAQ:PAAS), engaged in the operation and development of, and exploration for, silver producing properties and assets.

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