Euro Pacific Asset Management LLC Has $37.80 Million Stock Holdings in Pan American Silver Corp. $PAAS

Euro Pacific Asset Management LLC grew its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,331,383 shares of the basic materials company’s stock after purchasing an additional 16,241 shares during the quarter. Pan American Silver comprises about 6.1% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Euro Pacific Asset Management LLC owned 0.37% of Pan American Silver worth $37,800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC bought a new position in shares of Pan American Silver in the second quarter worth about $1,177,000. DAVENPORT & Co LLC increased its holdings in shares of Pan American Silver by 1.9% in the second quarter. DAVENPORT & Co LLC now owns 76,478 shares of the basic materials company’s stock valued at $2,172,000 after purchasing an additional 1,417 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Pan American Silver in the second quarter valued at approximately $248,000. Clarius Group LLC bought a new position in Pan American Silver in the 2nd quarter worth approximately $242,000. Finally, Ameritas Advisory Services LLC acquired a new position in Pan American Silver during the 2nd quarter worth $141,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 0.3%

PAAS opened at $39.07 on Monday. The firm’s fifty day moving average is $33.69 and its two-hundred day moving average is $29.03. The firm has a market cap of $16.49 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 0.63 and a beta of 0.63. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $40.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.12 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver’s payout ratio is 33.10%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PAAS shares. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Friday. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pan American Silver in a research note on Saturday, September 27th. Finally, CIBC reissued an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

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.