Fruth Investment Management Purchases Shares of 8,000 Pan American Silver Corp. $PAAS

Fruth Investment Management purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,000 shares of the basic materials company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently made changes to their positions in PAAS. Northern Trust Corp grew its position in shares of Pan American Silver by 210.1% in the 4th quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company’s stock valued at $1,696,000 after buying an additional 56,826 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Pan American Silver by 17.0% in the 4th quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company’s stock valued at $1,122,000 after buying an additional 8,081 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Pan American Silver by 2.5% in the 4th quarter. Janus Henderson Group PLC now owns 91,688 shares of the basic materials company’s stock valued at $1,861,000 after buying an additional 2,246 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $208,000. Finally, Man Group plc grew its position in shares of Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company’s stock valued at $19,160,000 after buying an additional 750,858 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 1.6%

PAAS stock opened at $36.81 on Friday. The stock’s 50 day simple moving average is $31.07 and its 200 day simple moving average is $27.59. Pan American Silver Corp. has a fifty-two week low of $19.78 and a fifty-two week high of $36.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The company has a market cap of $15.53 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 0.46 and a beta of 0.65.

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

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.12 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Pan American Silver’s dividend payout ratio (DPR) is currently 33.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Securities reduced their price target on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. CIBC restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Scotiabank cut their target price on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, September 5th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.20.

Pan American Silver 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.