Shell Asset Management Co. raised its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 148.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,145 shares of the basic materials company’s stock after purchasing an additional 22,186 shares during the period. Shell Asset Management Co.’s holdings in Pan American Silver Corp. were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of PAAS. SG Americas Securities LLC acquired a new stake in Pan American Silver Corp. in the first quarter worth about $164,000. Alliancebernstein L.P. acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth about $170,000. Sigma Planning Corp acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth about $181,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Pan American Silver Corp. during the second quarter worth about $189,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Pan American Silver Corp. by 1,091.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 7,934 shares during the period. 53.75% of the stock is owned by institutional investors and hedge funds.
Pan American Silver Corp. (NASDAQ:PAAS) opened at $14.62 on Friday. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The company has a market capitalization of $2,239.33, a price-to-earnings ratio of 30.46, a PEG ratio of 7.38 and a beta of 0.15. The company has a quick ratio of 2.29, a current ratio of 3.78 and a debt-to-equity ratio of 0.03.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Pan American Silver Corp. had a return on equity of 5.16% and a net margin of 12.23%. The business had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was down 18.3% on a year-over-year basis. sell-side analysts expect that Pan American Silver Corp. will post 0.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, November 17th. Pan American Silver Corp.’s payout ratio is 16.39%.
PAAS has been the subject of a number of research reports. UBS AG downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price target on shares of Pan American Silver Corp. in a report on Friday, October 6th. Raymond James Financial, Inc. downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a report on Friday, September 8th. BidaskClub raised Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Royal Bank Of Canada boosted their price target on Pan American Silver Corp. from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, August 14th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.90.
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Pan American Silver Corp. Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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