8,516 Shares in Pan American Silver Corp. $PAAS Acquired by Clarius Group LLC

Key Points

• Clarius Group LLC acquired 8,516 shares of Pan American Silver Corp. (NYSE:PAAS), valued at approximately $242,000, during the second quarter.
• Pan American Silver Corp. reported Q2 earnings of $0.43 per share, exceeding estimates, with revenue of $811.90 million, reflecting an 18.3% year-over-year increase.
• The company recently increased its quarterly dividend to $0.12 from $0.10, representing a 1.2% yield based on an annualized dividend of $0.48.

Clarius Group LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,516 shares of the basic materials company's stock, valued at approximately $242,000.

A number of other hedge funds also recently modified their holdings of PAAS. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver in the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC grew its stake in Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after buying an additional 775 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after buying an additional 3,759 shares in the last quarter. Banque Transatlantique SA purchased a new position in Pan American Silver in the 1st quarter valued at approximately $139,000. Finally, Ameritas Advisory Services LLC purchased a new position in Pan American Silver in the 2nd quarter valued at approximately $141,000. Institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Scotiabank reduced their price objective on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.50.

Pan American Silver Stock Down 1.6%

PAAS opened at $39.38 on Wednesday. The company has a fifty day moving average price of $34.14 and a 200-day moving average price of $29.20. The firm has a market capitalization of $16.62 billion, a P/E ratio of 27.16, a price-to-earnings-growth ratio of 0.65 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $40.42.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Pan American Silver Company 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.

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