Blair William & Co. IL Has $557,000 Stock Position in Pan American Silver Corp. $PAAS

Blair William & Co. IL lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,618 shares of the basic materials company’s stock after selling 2,100 shares during the quarter. Blair William & Co. IL’s holdings in Pan American Silver were worth $557,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of analyst reports. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. CIBC upped their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Scotiabank lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Pan American Silver Stock Performance

Shares of PAAS opened at $38.47 on Friday. The company has a market cap of $16.24 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 0.64 and a beta of 0.63. 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 firm has a 50-day moving average of $35.89 and a 200-day moving average of $29.94. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate 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 net margin of 16.80% and a return on equity of 11.49%. Pan American Silver’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.12 dividend. 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 1.2%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is presently 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.