Benjamin Edwards Inc. Has $2.41 Million Stake in Pan American Silver Corp. $PAAS

Benjamin Edwards Inc. increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 513.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,554 shares of the basic materials company's stock after acquiring an additional 38,962 shares during the period. Benjamin Edwards Inc.'s holdings in Pan American Silver were worth $2,412,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in shares of Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company's stock valued at $1,748,355,000 after acquiring an additional 15,405,762 shares during the last quarter. Vanguard Group Inc. boosted its stake in Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company's stock valued at $905,513,000 after purchasing an additional 274,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Pan American Silver by 38.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company's stock valued at $560,149,000 after purchasing an additional 4,037,311 shares during the period. Invesco Ltd. boosted its stake in Pan American Silver by 9.8% during the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company's stock valued at $383,365,000 after purchasing an additional 882,135 shares during the period. Finally, First Eagle Investment Management LLC bought a new stake in Pan American Silver during the 3rd quarter valued at approximately $178,004,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of PAAS stock opened at $50.54 on Wednesday. The stock has a 50 day moving average of $56.79 and a two-hundred day moving average of $51.44. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12 month low of $22.08 and a 12 month high of $69.99. The company has a market capitalization of $21.30 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.42 and a beta of 0.65.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.During the same period in the prior year, the company posted $0.42 earnings per share. Pan American Silver's quarterly revenue was up 49.3% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver Corp. will post 4.45 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Pan American Silver's previous quarterly dividend of $0.14. Pan American Silver's dividend payout ratio is 28.80%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAAS. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Royal Bank Of Canada restated an "outperform" rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Pan American Silver has a consensus rating of "Moderate Buy" and an average price target of $59.67.

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.

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