Pan American Silver Corp. $PAAS Shares Acquired by Ingalls & Snyder LLC

Ingalls & Snyder LLC increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.2% during the second quarter, Holdings Channel reports. The fund owned 1,802,509 shares of the basic materials company’s stock after purchasing an additional 89,639 shares during the period. Pan American Silver makes up about 1.8% of Ingalls & Snyder LLC’s portfolio, making the stock its 10th biggest position. Ingalls & Snyder LLC’s holdings in Pan American Silver were worth $51,191,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Pan American Silver by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock valued at $365,397,000 after buying an additional 138,028 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Pan American Silver by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock worth $233,225,000 after buying an additional 959,859 shares during the period. Invesco Ltd. raised its stake in shares of 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 during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Pan American Silver by 319.1% in the first 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 acquiring an additional 3,389,549 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Pan American Silver by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock valued at $98,510,000 after acquiring an additional 665,502 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Up 0.4%

NYSE:PAAS opened at $36.36 on Friday. The company has a market cap of $15.35 billion, a P/E ratio of 25.08, a P/E/G ratio of 0.46 and a beta of 0.63. The stock’s fifty day moving average price is $36.38 and its two-hundred day moving average price is $30.47. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating 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%.The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. As a group, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.12 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 18th. Pan American Silver’s dividend payout ratio (DPR) is presently 33.10%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Scotiabank upped their price target on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. CIBC increased their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, October 14th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

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.