PKO Investment Management Joint Stock Co Sells 43,000 Shares of Pan American Silver Corp. $PAAS

PKO Investment Management Joint Stock Co cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 25.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,266 shares of the basic materials company’s stock after selling 43,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Pan American Silver were worth $3,624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Graybill Wealth Management LTD. bought a new position in shares of Pan American Silver in the first quarter valued at about $33,000. Kiker Wealth Management LLC raised its holdings in shares of Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. CWM LLC raised its holdings in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after buying an additional 550 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pan American Silver by 38.0% in the second quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock valued at $107,000 after buying an additional 1,034 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Pan American Silver in the second quarter valued at about $108,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Up 0.4%

NYSE PAAS opened at $36.36 on Friday. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.46 and a beta of 0.63. The stock’s 50 day moving average price is $36.38 and its two-hundred day moving average price is $30.41. 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 Corp. has a 52 week low of $19.80 and a 52 week high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (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 company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $782.12 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.12 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, August 18th. Pan American Silver’s dividend payout ratio is 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of research analyst reports. Scotiabank lifted their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, CIBC lifted their price objective on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.25.

Pan American Silver Company 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.