Pan American Silver Corp. $PAAS Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 25.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,266 shares of the basic materials company’s stock after selling 43,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Pan American Silver were worth $3,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC raised its holdings in shares of Pan American Silver by 5.5% during the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 475 shares during the period. CWM LLC boosted its position in shares of Pan American Silver by 32.1% during the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares in the last quarter. Kiker Wealth Management LLC boosted its position in shares of Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 600 shares in the last quarter. US Bancorp DE lifted its stake in Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock valued at $180,000 after buying an additional 820 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Pan American Silver by 4.3% during the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company’s stock valued at $561,000 after buying an additional 900 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAAS. CIBC upped their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, October 14th. Scotiabank increased their price target on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. One 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Price Performance

Shares of PAAS opened at $36.36 on Friday. The firm has a market cap of $15.35 billion, a PE ratio of 25.08, a PEG ratio of 0.46 and a beta of 0.63. The firm’s 50 day moving average price is $36.38 and its 200 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 twelve month low of $19.80 and a twelve month high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $782.12 million. During the same quarter last year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.3%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver’s dividend payout ratio is 33.10%.

Pan American Silver 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.