Employees Retirement System of Texas Acquires Shares of 2,857 Pan American Silver Corp. $PAAS

Employees Retirement System of Texas acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,857 shares of the basic materials company’s stock, valued at approximately $81,000.

A number of other large investors also recently modified their holdings of PAAS. Mark Sheptoff Financial Planning LLC bought a new stake in Pan American Silver during the 2nd quarter valued at $51,000. Kiker Wealth Management LLC grew its holdings in shares of Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. CWM LLC increased its position in shares of 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pan American Silver by 38.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 1,034 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Pan American Silver in the 2nd quarter worth about $108,000. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PAAS shares. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday. Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday. CIBC raised their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Buy” and an average price target of $41.25.

Pan American Silver Stock Performance

Shares of PAAS opened at $45.31 on Friday. The stock has a 50 day moving average of $37.94 and a 200 day moving average of $32.51. The company has a market capitalization of $19.12 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $45.97. 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 (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, November 24th. Pan American Silver’s dividend payout ratio is 32.37%.

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.