Groupe la Francaise Purchases 40,000 Shares of Pan American Silver Corp. $PAAS

Groupe la Francaise lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 11.8% in the second quarter, Holdings Channel reports. The institutional investor owned 380,000 shares of the basic materials company’s stock after acquiring an additional 40,000 shares during the period. Groupe la Francaise’s holdings in Pan American Silver were worth $17,042,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PAAS. Oakmont Investment Advisors Inc. acquired a new position in shares of Pan American Silver in the second quarter valued at about $492,000. TD Waterhouse Canada Inc. increased its holdings in shares of Pan American Silver by 1.5% during the second quarter. TD Waterhouse Canada Inc. now owns 549,236 shares of the basic materials company’s stock worth $24,382,000 after purchasing an additional 8,149 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Pan American Silver by 4.3% in the second quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company’s stock valued at $460,000 after buying an additional 419 shares in the last quarter. Continuum Advisory LLC bought a new stake in shares of Pan American Silver in the second quarter valued at approximately $45,000. Finally, Nykredit A S acquired a new stake in Pan American Silver during the second quarter worth approximately $6,738,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.1%

NYSE PAAS opened at $51.31 on Monday. The business has a fifty day moving average price of $47.20 and a two-hundred day moving average price of $52.43. The stock has a market capitalization of $21.30 billion, a PE ratio of 15.50, a PEG ratio of 5.05 and a beta of 0.77. Pan American Silver Corp. has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities analysts expect that Pan American Silver Corp. will post 3.81 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a $0.184 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 22.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Jefferies Financial Group decreased their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

About Pan American Silver

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.