Cetera Investment Advisers Purchases 35,477 Shares of Pan American Silver Corp. $PAAS

Cetera Investment Advisers grew its position in Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 16.3% during the 1st quarter, HoldingsChannel reports. The fund owned 252,867 shares of the basic materials company’s stock after purchasing an additional 35,477 shares during the period. Cetera Investment Advisers’ holdings in Pan American Silver were worth $13,814,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Pan American Silver during the 4th quarter worth about $303,611,000. FIL Ltd raised its position in Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares during the period. Capital International Investors bought a new stake in Pan American Silver in the fourth quarter worth about $215,484,000. Bank of America Corp DE lifted its stake in Pan American Silver by 148.3% in the second quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock worth $95,658,000 after purchasing an additional 2,011,862 shares during the last quarter. Finally, Man Group plc lifted its stake in Pan American Silver by 252.0% in the second quarter. Man Group plc now owns 1,667,132 shares of the basic materials company’s stock worth $47,347,000 after purchasing an additional 1,193,458 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, May 11th. Jefferies Financial Group decreased their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.43.

View Our Latest Report on Pan American Silver

Pan American Silver Trading Down 1.7%

Shares of PAAS opened at $42.50 on Thursday. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 3.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99. The company has a 50-day moving average of $47.41 and a 200 day moving average of $53.95.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, research analysts expect that Pan American Silver Corp. will post 4.15 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver’s payout ratio is presently 23.15%.

About Pan American Silver

(Free Report)

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

See Also

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Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

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