Trust Co. of Toledo NA OH Purchases Shares of 3,800 Pan American Silver Corp. $PAAS

Trust Co. of Toledo NA OH bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, HoldingsChannel reports. The fund bought 3,800 shares of the basic materials company’s stock, valued at approximately $108,000.

A number of other institutional investors have also recently bought and sold shares of PAAS. Graybill Wealth Management LTD. purchased a new stake in Pan American Silver in the first quarter valued at approximately $33,000. Farther Finance Advisors LLC grew its stake in shares of Pan American Silver by 39.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company’s stock valued at $70,000 after buying an additional 775 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Pan American Silver by 507.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company’s stock valued at $116,000 after buying an additional 3,759 shares during the period. Banque Transatlantique SA purchased a new stake in Pan American Silver during the first quarter valued at about $139,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Pan American Silver during the second quarter worth about $141,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $38.52 on Monday. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 0.61 and a beta of 0.63. Pan American Silver Corp. has a 1-year low of $19.80 and a 1-year high of $40.84. The business has a 50-day moving average of $34.85 and a 200-day moving average of $29.49. 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 posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $782.12 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s dividend payout ratio (DPR) is 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Pan American Silver in a research note on Saturday, September 27th. Scotiabank decreased their target price on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a report on Friday, September 5th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, CIBC boosted their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $38.50.

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.