Pan American Silver Corp. $PAAS Shares Bought by RFG Advisory LLC

RFG Advisory LLC grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 15.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,749 shares of the basic materials company’s stock after buying an additional 1,341 shares during the quarter. RFG Advisory LLC’s holdings in Pan American Silver were worth $277,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CWM LLC grew its holdings in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 550 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in Pan American Silver in the second quarter valued at approximately $215,000. Trust Co. of Toledo NA OH purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $108,000. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $440,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $2,521,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of recent analyst reports. CIBC increased their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Scotiabank cut their price objective on Pan American Silver from $36.50 to $36.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research note 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Pan American Silver Trading Down 8.5%

Shares of Pan American Silver stock opened at $38.47 on Monday. 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 Corp. has a twelve month low of $19.80 and a twelve month high of $42.57. The firm has a market capitalization of $16.24 billion, a PE ratio of 26.53, a P/E/G ratio of 0.48 and a beta of 0.63. The firm’s 50-day moving average price is $35.89 and its 200 day moving average price is $30.01.

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 the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.Pan American Silver’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, August 18th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is 33.10%.

About Pan American Silver

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.