Freedom Investment Management Inc. Has $551,000 Holdings in Pan American Silver Corp. $PAAS

Freedom Investment Management Inc. lessened its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,341 shares of the basic materials company’s stock after selling 4,953 shares during the period. Freedom Investment Management Inc.’s holdings in Pan American Silver were worth $551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Pan American Silver by 8.1% during the 1st quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company’s stock worth $221,000 after buying an additional 643 shares during the period. Farther Finance Advisors LLC raised its holdings in Pan American Silver by 39.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company’s stock worth $70,000 after buying an additional 775 shares during the period. US Bancorp DE raised its holdings in Pan American Silver by 13.4% during the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock worth $180,000 after buying an additional 820 shares during the period. Blair William & Co. IL raised its holdings in Pan American Silver by 4.3% during the 1st quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company’s stock worth $561,000 after buying an additional 900 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Pan American Silver by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company’s stock worth $876,000 after buying an additional 1,054 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. CIBC reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 15th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, TD Securities dropped their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, May 22nd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.40.

Pan American Silver Trading Up 1.8%

Shares of NYSE PAAS opened at $33.08 on Wednesday. The business has a 50 day simple moving average of $29.66 and a 200 day simple moving average of $26.79. Pan American Silver Corp. has a 52 week low of $18.50 and a 52 week high of $33.21. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 0.44 and a beta of 0.60. 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, topping analysts’ consensus estimates 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 firm had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.12 dividend. 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 yield of 1.5%. The ex-dividend date is Monday, August 18th. Pan American Silver’s dividend payout ratio is currently 33.10%.

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.