Pan American Silver (NYSE:PAAS) Trading Up 9.1% – What’s Next?

Shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) traded up 9.1% during trading on Monday . The stock traded as high as $24.33 and last traded at $24.19. 1,631,996 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 4,020,900 shares. The stock had previously closed at $22.17.

Analyst Ratings Changes

PAAS has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada raised their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Down 0.8 %

The stock has a fifty day moving average of $22.68 and a two-hundred day moving average of $21.56. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of -135.87 and a beta of 1.28.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Monday, November 18th. Pan American Silver’s payout ratio is currently -235.28%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Pan American Silver during the third quarter worth about $32,000. Sanctuary Advisors LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $257,000. Virtu Financial LLC raised its holdings in shares of Pan American Silver by 23.9% during the 3rd quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock valued at $770,000 after buying an additional 7,114 shares during the period. Barclays PLC lifted its position in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 37,480 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Pan American Silver by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 128,558 shares of the basic materials company’s stock worth $2,683,000 after acquiring an additional 9,887 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

About Pan American Silver

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, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.