12,110 Pan American Silver Corp. $PAAS Shares Bought by Global Strategic Management Inc.

Global Strategic Management Inc. lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,947 shares of the basic materials company’s stock after purchasing an additional 12,110 shares during the period. Pan American Silver accounts for about 4.6% of Global Strategic Management Inc.’s portfolio, making the stock its 9th biggest position. Global Strategic Management Inc.’s holdings in Pan American Silver were worth $6,862,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NFJ Investment Group LLC acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $25,000. Fifth Third Bancorp boosted its stake in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Danske Bank A S bought a new position in Pan American Silver during the second quarter worth $30,000. Paladin Partners LLC bought a new stake in Pan American Silver in the second quarter valued at $40,000. Finally, Archer Investment Corp acquired a new position in shares of Pan American Silver during the second quarter valued at about $43,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Up 3.5%

Pan American Silver stock opened at $43.82 on Friday. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 4.17 and a beta of 0.75. The firm’s fifty day moving average price is $49.07 and its two-hundred day moving average price is $50.20. Pan American Silver Corp. has a 1-year low of $33.08 and a 1-year high of $69.99. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The company’s revenue was up 38.4% on a year-over-year basis. On average, equities research analysts predict that Pan American Silver Corp. will post 3.80 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were issued a dividend of C$0.18 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. This is an increase from Pan American Silver’s previous quarterly dividend of C$0.18. Pan American Silver’s dividend payout ratio is presently 22.36%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAAS shares. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Royal Bank Of Canada dropped their price target on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Weiss Ratings upgraded Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Jefferies Financial Group cut their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.71.

Pan American Silver Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.