International Assets Investment Management LLC Acquires Shares of 9,375 Pan American Silver Corp. $PAAS

International Assets Investment Management LLC acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,375 shares of the basic materials company’s stock, valued at approximately $266,000.

Other institutional investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in Pan American Silver during the first quarter valued at approximately $33,000. Kiker Wealth Management LLC boosted its holdings in Pan American Silver by 42.4% during the second 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 in the last quarter. CWM LLC boosted 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 valued at $64,000 after purchasing an additional 550 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 38.0% in the 2nd 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 shares of Pan American Silver in the 2nd quarter worth approximately $108,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. CIBC boosted their target price on Pan American Silver from $50.00 to $62.00 and gave the stock 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, October 18th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Scotiabank boosted their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Stock Performance

PAAS stock opened at $36.22 on Friday. 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 company has a 50 day moving average price of $36.29 and a 200 day moving average price of $30.31. Pan American Silver Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $42.57. The stock has a market capitalization of $15.29 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 0.45 and a beta of 0.63.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $782.12 million. During the same quarter in the previous year, the company posted $0.11 EPS. Pan American Silver’s revenue was up 18.3% on a year-over-year basis. Analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. 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 presently 33.10%.

About Pan American Silver

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.