National Asset Management Inc. raised its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 30.1% during the third quarter, Holdings Channel.com reports. The fund owned 15,380 shares of the basic materials company’s stock after buying an additional 3,554 shares during the period. National Asset Management Inc.’s holdings in Pan American Silver were worth $495,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Evoke Wealth LLC bought a new stake in shares of Pan American Silver in the second quarter worth about $25,000. Signaturefd LLC increased its holdings in shares of Pan American Silver by 123.8% in the third quarter. Signaturefd LLC now owns 967 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 535 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Pan American Silver in the second quarter worth about $39,000. Macroview Investment Management LLC bought a new stake in shares of Pan American Silver in the second quarter worth about $41,000. Finally, SeaBridge Investment Advisors LLC increased its holdings in shares of Pan American Silver by 40.0% in the third quarter. SeaBridge Investment Advisors LLC now owns 1,400 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.
PAAS has been the topic of several research reports. Pi Financial raised Pan American Silver from a “neutral” rating to a “buy” rating in a report on Friday, August 28th. Canaccord Genuity raised Pan American Silver to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, July 29th. BidaskClub lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Zacks Investment Research lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $38.00 in a research report on Thursday, October 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Pan American Silver currently has a consensus rating of “Hold” and an average price target of $33.39.
PAAS opened at $30.80 on Friday. Pan American Silver Corp. has a 12 month low of $10.61 and a 12 month high of $40.11. The stock has a 50-day moving average of $33.13 and a 200 day moving average of $31.64. The firm has a market cap of $6.47 billion, a P/E ratio of 192.51, a P/E/G ratio of 2.97 and a beta of 1.48. The company has a current ratio of 3.04, a quick ratio of 1.83 and a debt-to-equity ratio of 0.09.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Monday, November 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). Pan American Silver had a net margin of 2.31% and a return on equity of 8.00%. The business had revenue of $300.41 million for the quarter, compared to analysts’ expectations of $399.39 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. On average, research analysts forecast that Pan American Silver Corp. will post 0.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, November 13th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.05. Pan American Silver’s payout ratio is 35.90%.
Pan American Silver Company Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, San Vicente, Manantial Espejo, Escobal, Shahuindo, La Arena, and Timmins mines.
Further Reading: Forex
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