Farther Finance Advisors LLC Has $107,000 Stake in Pan American Silver Corp. $PAAS

Farther Finance Advisors LLC increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 38.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,754 shares of the basic materials company’s stock after buying an additional 1,034 shares during the period. Farther Finance Advisors LLC’s holdings in Pan American Silver were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Concurrent Investment Advisors LLC bought a new position in Pan American Silver in the first quarter valued at approximately $222,000. D.A. Davidson & CO. bought a new position in Pan American Silver in the first quarter valued at approximately $358,000. Intech Investment Management LLC increased its stake in Pan American Silver by 189.0% in 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 acquiring an additional 70,593 shares during the last quarter. Southland Equity Partners LLC bought a new position in Pan American Silver in the first quarter valued at approximately $300,000. Finally, Jupiter Asset Management Ltd. increased its stake in Pan American Silver by 12.9% in the first quarter. Jupiter Asset Management Ltd. now owns 1,344,095 shares of the basic materials company’s stock valued at $34,718,000 after acquiring an additional 153,063 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAAS. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Pan American Silver in a research note on Saturday, September 27th. Scotiabank decreased their price objective on shares of Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Pan American Silver Stock Performance

NYSE PAAS opened at $39.07 on Friday. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.63 and a beta of 0.63. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $40.34. The stock has a fifty day simple moving average of $33.69 and a 200 day simple moving average of $28.99. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15.

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

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.12 dividend. The ex-dividend date was Monday, August 18th. This is a positive change 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 dividend payout ratio (DPR) 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.