Fund Advisors of America Inc FL Purchases New Shares in Pan American Silver Corp. $PAAS

Fund Advisors of America Inc FL purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,839 shares of the basic materials company’s stock, valued at approximately $530,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NFJ Investment Group LLC acquired a new position in shares of Pan American Silver in the second quarter worth about $25,000. Parallel Advisors LLC increased its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Danske Bank A S acquired a new stake in shares of Pan American Silver during the second quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $53.11 on Friday. The company’s 50 day moving average price is $46.31 and its 200 day moving average price is $52.75. Pan American Silver Corp. has a 52 week low of $31.60 and a 52 week high of $69.99. The company has a market capitalization of $22.15 billion, a PE ratio of 16.05, a PEG ratio of 4.82 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. Research analysts expect that Pan American Silver Corp. will post 4.03 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. Stockholders of record on Monday, August 24th will be paid a $0.184 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. 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. Pan American Silver’s dividend payout ratio (DPR) is currently 21.75%.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Bank of America lowered their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $70.43.

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.