Signaturefd LLC Boosts Stock Holdings in Pan American Silver Corp. $PAAS

Signaturefd LLC raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,042 shares of the basic materials company’s stock after buying an additional 475 shares during the period. Signaturefd LLC’s holdings in Pan American Silver were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in Pan American Silver during the first quarter valued at about $222,000. D.A. Davidson & CO. purchased a new stake in Pan American Silver during the first quarter valued at about $358,000. Intech Investment Management LLC boosted its position in Pan American Silver by 189.0% during the first quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 70,593 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Pan American Silver during the second quarter valued at about $736,000. Finally, Southland Equity Partners LLC purchased a new stake in Pan American Silver during the first quarter valued at about $300,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PAAS. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Scotiabank dropped their target price on shares of Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a report on Friday, September 5th. CIBC reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.20.

Pan American Silver Price Performance

PAAS stock opened at $39.18 on Friday. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 year high of $40.34. The company has a market cap of $16.54 billion, a P/E ratio of 27.02, a PEG ratio of 0.63 and a beta of 0.63. The firm has a 50-day moving average of $33.49 and a 200 day moving average of $28.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Pan American Silver’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. Pan American Silver’s payout ratio is currently 33.10%.

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.