Franklin Resources Inc. Acquires 11,530 Shares of Pan American Silver Corp. $PAAS

Franklin Resources Inc. increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,538 shares of the basic materials company’s stock after purchasing an additional 11,530 shares during the period. Franklin Resources Inc. owned approximately 0.07% of Pan American Silver worth $7,170,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PAAS. Mark Sheptoff Financial Planning LLC bought a new position in shares of Pan American Silver during the second quarter worth $51,000. Kiker Wealth Management LLC raised its stake in Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after buying an additional 600 shares during the period. CWM LLC lifted its holdings in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 550 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Pan American Silver by 38.0% during the second quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 1,034 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in Pan American Silver in the second quarter valued at about $108,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Up 6.4%

Shares of NYSE:PAAS opened at $45.31 on Monday. The company’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $32.65. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $45.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The stock has a market capitalization of $19.12 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the business earned $0.32 EPS. Pan American Silver’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 24th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAAS shares. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Scotiabank increased their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. Finally, National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Pan American Silver presently has a consensus rating of “Buy” and an average target price of $41.25.

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.