Pan American Silver Corp. (NYSE:PAAS) Shares Sold by PFG Investments LLC

PFG Investments LLC decreased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 80.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,652 shares of the basic materials company’s stock after selling 72,857 shares during the quarter. PFG Investments LLC’s holdings in Pan American Silver were worth $351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC grew its stake in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares during the period. Signaturefd LLC increased its holdings in Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after buying an additional 774 shares in the last quarter. Perritt Capital Management Inc. lifted its position in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Franklin Resources Inc. boosted its stake in shares of Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock worth $3,899,000 after acquiring an additional 1,169 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Pan American Silver by 2.9% in the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 1,336 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE PAAS opened at $20.49 on Friday. The business’s 50-day moving average price is $21.06 and its 200 day moving average price is $19.17. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $24.27. The company has a market capitalization of $7.44 billion, a PE ratio of -44.54 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million for the quarter, compared to analysts’ expectations of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, research analysts predict that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.95%. Pan American Silver’s dividend payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PAAS. Jefferies Financial Group lifted their price objective on Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Scotiabank lifted their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 16th. BMO Capital Markets boosted their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. CIBC raised their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus price target of $24.79.

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.