Schwartz Investment Counsel Inc. Grows Stock Position in Pan American Silver Corp. $PAAS

Schwartz Investment Counsel Inc. grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,000 shares of the basic materials company’s stock after purchasing an additional 2,500 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Pan American Silver during the 1st quarter valued at about $33,000. Kiker Wealth Management LLC increased its position in shares of 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 valued at $57,000 after purchasing an additional 600 shares during the last quarter. CWM LLC increased its position in shares of Pan American Silver by 32.1% during the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 purchasing an additional 775 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Pan American Silver during the 2nd quarter valued at about $108,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 2.3%

Shares of NYSE:PAAS opened at $39.32 on Tuesday. The stock has a 50 day moving average of $36.04 and a 200 day moving average of $30.14. The company has a market cap of $16.59 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12-month low of $19.80 and a 12-month high of $42.57.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $782.12 million. During the same period in the prior year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date 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 is currently 33.10%.

Analyst Ratings Changes

Several equities research analysts have recently commented on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, October 14th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Scotiabank cut their price objective on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.50.

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.