Janney Montgomery Scott LLC Has $1.29 Million Stake in Pan American Silver Corp. $PAAS

Janney Montgomery Scott LLC grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,551 shares of the basic materials company’s stock after acquiring an additional 1,898 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Pan American Silver were worth $1,294,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Pan American Silver by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock worth $365,397,000 after acquiring an additional 138,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pan American Silver by 11.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock worth $233,225,000 after acquiring an additional 959,859 shares in the last quarter. Invesco Ltd. raised its stake in Pan American Silver by 2.1% during the first quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company’s stock worth $155,750,000 after acquiring an additional 121,764 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Pan American Silver by 319.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock worth $115,009,000 after acquiring an additional 3,389,549 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Pan American Silver by 21.2% during the first quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock worth $98,510,000 after acquiring an additional 665,502 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the subject of several research analyst reports. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pan American Silver in a research note on Saturday, September 27th. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, CIBC upped their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday. One research 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.50.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $38.52 on Monday. The business’s 50 day simple moving average is $34.85 and its 200 day simple moving average is $29.49. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $40.84. The stock has a market capitalization of $16.25 billion, a PE ratio of 26.56, a PEG ratio of 0.61 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.

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. 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 for the quarter, compared to analysts’ expectations of $782.12 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. As a group, research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.12 dividend. The ex-dividend date was Monday, August 18th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.2%. Pan American Silver’s dividend payout ratio (DPR) is currently 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.