Raymond James Financial Services Advisors Inc. grew its holdings in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 114,978 shares of the basic materials company’s stock after acquiring an additional 4,844 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.05% of Pan American Silver worth $1,676,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors increased its holdings in shares of Pan American Silver by 1,220.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,220 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Pan American Silver by 2,892.0% in the 1st quarter. Ronald Blue Trust Inc. now owns 1,496 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,446 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Pan American Silver by 182.5% in the 2nd quarter. Gradient Investments LLC now owns 1,709 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 1,104 shares during the last quarter. Chilton Capital Management LLC purchased a new position in shares of Pan American Silver in the 1st quarter valued at about $34,000. Finally, FMR LLC increased its holdings in shares of Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,347 shares during the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on PAAS. StockNews.com began coverage on Pan American Silver in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Canaccord Genuity Group reduced their price target on Pan American Silver from $30.00 to $27.00 and set a “buy” rating for the company in a report on Monday, July 24th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.88.
Pan American Silver Stock Performance
Pan American Silver stock opened at $15.24 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 2.13. The stock has a fifty day moving average of $15.28 and a two-hundred day moving average of $15.34. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of -12.59 and a beta of 1.24. Pan American Silver Corp. has a fifty-two week low of $13.40 and a fifty-two week high of $19.84.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last posted its quarterly earnings data on Thursday, August 10th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.04). Pan American Silver had a positive return on equity of 0.73% and a negative net margin of 15.77%. The business had revenue of $639.90 million for the quarter, compared to analyst estimates of $642.16 million. During the same quarter last year, the business earned ($0.03) EPS. Pan American Silver’s revenue for the quarter was up 87.9% compared to the same quarter last year. On average, analysts anticipate that Pan American Silver Corp. will post 0.4 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, August 18th. Pan American Silver’s dividend payout ratio is presently -33.06%.
Pan American Silver 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.
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