Pan American Silver Corp. $PAAS Position Lifted by Ingalls & Snyder LLC

Ingalls & Snyder LLC boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.2% 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 1,802,509 shares of the basic materials company’s stock after acquiring an additional 89,639 shares during the period. Pan American Silver comprises about 1.8% of Ingalls & Snyder LLC’s portfolio, making the stock its 10th largest position. Ingalls & Snyder LLC owned approximately 0.50% of Pan American Silver worth $51,191,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in Pan American Silver during the 2nd quarter worth approximately $2,521,000. Concurrent Investment Advisors LLC acquired a new position in shares of Pan American Silver during the 1st quarter valued at about $222,000. D.A. Davidson & CO. acquired a new position in shares of Pan American Silver during the 1st quarter valued at about $358,000. Intech Investment Management LLC raised its holdings in Pan American Silver by 189.0% in the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 70,593 shares during the period. Finally, Triasima Portfolio Management inc. raised its holdings in Pan American Silver by 29.1% in the 2nd quarter. Triasima Portfolio Management inc. now owns 211,010 shares of the basic materials company’s stock valued at $5,975,000 after buying an additional 47,500 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Scotiabank raised their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Trading Up 0.4%

Shares of PAAS stock opened at $36.36 on Friday. 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 firm has a market capitalization of $15.35 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63. The stock has a fifty day moving average of $36.38 and a two-hundred day moving average of $30.47. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 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, beating 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 return on equity of 11.49% and a net margin of 16.80%.Pan American Silver’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a dividend of $0.12 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio is currently 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.