GTS Securities LLC Invests $2.55 Million in Pan American Silver Corp. $PAAS

GTS Securities LLC 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 filing with the Securities and Exchange Commission. The fund purchased 56,885 shares of the basic materials company’s stock, valued at approximately $2,548,000.

Several other institutional investors also recently bought and sold shares of PAAS. NFJ Investment Group LLC purchased a new position in Pan American Silver in the second quarter worth about $25,000. Parallel Advisors LLC lifted its stake 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 buying an additional 387 shares in the last quarter. Fifth Third Bancorp grew 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 buying an additional 481 shares during the last quarter. Danske Bank A S purchased 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 during the fourth quarter valued at approximately $34,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PAAS shares. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, May 11th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Bank of America decreased their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Jefferies Financial Group lowered their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $53.00 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $46.65 and a 200-day moving average price of $52.70. Pan American Silver Corp. has a 52 week low of $32.95 and a 52 week high of $69.99. The firm has a market capitalization of $22.10 billion, a PE ratio of 16.01, a P/E/G ratio of 4.93 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, equities research analysts expect that Pan American Silver Corp. will post 3.91 earnings per share for the current year.

Pan American Silver Increases Dividend

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

Pan American Silver 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.