Benjamin Edwards Inc. Has $1.07 Million Stock Holdings in Pan American Silver Corp. $PAAS

Benjamin Edwards Inc. trimmed its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.8% in the second quarter, HoldingsChannel.com reports. The fund owned 23,963 shares of the basic materials company’s stock after selling 11,192 shares during the quarter. Benjamin Edwards Inc.’s holdings in Pan American Silver were worth $1,073,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PAAS. Invesco Ltd. increased its position in shares of Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after purchasing an additional 882,135 shares during the period. BlackRock Inc. bought a new stake in Pan American Silver during the second quarter worth about $375,948,000. FIL Ltd grew its stake in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after buying an additional 4,438,478 shares in the last quarter. Norges Bank acquired a new stake in Pan American Silver during the fourth quarter worth about $303,611,000. Finally, Capital International Investors acquired a new stake in Pan American Silver during the fourth quarter worth about $215,484,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Performance

NYSE:PAAS opened at $49.99 on Wednesday. The stock’s 50-day simple moving average is $46.78 and its 200 day simple moving average is $52.53. The firm has a market capitalization of $20.76 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 5.03 and a beta of 0.77. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $33.08 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The firm’s revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, analysts anticipate that Pan American Silver Corp. will post 3.87 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a dividend of $0.184 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.5%. Pan American Silver’s payout ratio is presently 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.