OLD Point Trust & Financial Services N A Takes $813,000 Position in Pan American Silver Corp. $PAAS

OLD Point Trust & Financial Services N A purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,000 shares of the basic materials company’s stock, valued at approximately $813,000.

Several other hedge funds have also recently bought and sold shares of the business. XTX Topco Ltd lifted its position in shares of Pan American Silver by 123.9% in the second quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock worth $1,486,000 after purchasing an additional 28,963 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Pan American Silver in the 2nd quarter valued at approximately $2,521,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver by 15.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after buying an additional 1,396,360 shares during the period. De Lisle Partners LLP purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $2,123,000. Finally, Intech Investment Management LLC boosted its stake in shares of Pan American Silver by 189.0% during the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 70,593 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 1.4%

Pan American Silver stock opened at $49.97 on Thursday. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $52.24. The company’s fifty day moving average price is $40.18 and its two-hundred day moving average price is $34.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 0.47 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. During the same quarter last year, the company posted $0.32 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were given a $0.14 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s payout ratio is 32.37%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAAS. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Scotiabank boosted their target price on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $50.00 price target on shares of Pan American Silver in a research note on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.33.

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.