Trust Co. of Toledo NA OH Purchases New Shares in Pan American Silver Corp. $PAAS

Trust Co. of Toledo NA OH bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,800 shares of the basic materials company’s stock, valued at approximately $108,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Pan American Silver by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock worth $365,397,000 after acquiring an additional 138,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Pan American Silver by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock valued at $233,225,000 after buying an additional 959,859 shares in the last quarter. Invesco Ltd. increased its stake in Pan American Silver by 2.1% in the 1st quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company’s stock valued at $155,750,000 after purchasing an additional 121,764 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Pan American Silver by 319.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock valued at $115,009,000 after purchasing an additional 3,389,549 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Pan American Silver by 21.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock valued at $98,510,000 after purchasing an additional 665,502 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Scotiabank dropped their target price on shares of Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Pan American Silver Trading Down 0.1%

Pan American Silver stock opened at $38.52 on Monday. The stock has a market cap of $16.25 billion, a PE ratio of 26.56, a P/E/G ratio of 0.61 and a beta of 0.63. The stock has a 50-day moving average price of $34.85 and a 200 day moving average price of $29.49. Pan American Silver Corp. has a 52 week low of $19.80 and a 52 week high of $40.84. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted 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. The firm had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities 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 announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s dividend payout ratio is presently 33.10%.

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.