Cetera Investment Advisers boosted its holdings in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 83.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,452 shares of the basic materials company’s stock after acquiring an additional 86,673 shares during the period. Cetera Investment Advisers owned about 0.05% of Pan American Silver worth $3,786,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. CWM LLC lifted its holdings in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the last quarter. Signaturefd LLC lifted 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 worth $148,000 after acquiring an additional 774 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Pan American Silver by 2.9% during the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after buying an additional 1,336 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,500 shares during the period. Institutional investors own 55.43% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on PAAS shares. CIBC boosted their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Royal Bank of Canada upped their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank upped their target price on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.93.
Pan American Silver Price Performance
NYSE PAAS opened at $21.22 on Thursday. The stock has a market capitalization of $7.70 billion, a P/E ratio of -46.13 and a beta of 1.35. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $24.27. The business’s fifty day moving average is $20.58 and its two-hundred day moving average is $20.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. Pan American Silver’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. On average, research analysts forecast that Pan American Silver Corp. will post 0.62 earnings per share for the current fiscal year.
Pan American Silver Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.89%. Pan American Silver’s dividend payout ratio is currently -86.96%.
Pan American Silver 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, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.
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