Pan American Silver Corp. $PAAS Holdings Trimmed by Rossby Financial LCC

Rossby Financial LCC trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,339 shares of the basic materials company’s stock after selling 600 shares during the period. Rossby Financial LCC’s holdings in Pan American Silver were worth $152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in Pan American Silver during the 1st quarter worth approximately $33,000. Kiker Wealth Management LLC grew its position in 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 worth $57,000 after purchasing an additional 600 shares in the last quarter. CWM LLC grew its position in Pan American Silver by 32.1% during the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Pan American Silver by 38.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock valued at $107,000 after buying an additional 1,034 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Pan American Silver during the 2nd quarter valued at $108,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 1.4%

PAAS stock opened at $35.20 on Wednesday. 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 1 year low of $19.80 and a 1 year high of $42.57. The company has a fifty day simple moving average of $36.53 and a 200 day simple moving average of $30.66. The firm has a market cap of $14.86 billion, a PE ratio of 24.28, a PEG ratio of 0.44 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the previous year, the business earned $0.11 EPS. Pan American Silver’s quarterly revenue was up 18.3% compared to the same quarter last year. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s dividend payout ratio (DPR) is presently 33.10%.

Analyst Ratings Changes

PAAS has been the subject of a number of research reports. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Scotiabank lifted their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. National Bankshares reissued 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 note on Saturday, October 18th. Finally, National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.25.

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.