8,000 Shares in Pan American Silver Corp. $PAAS Acquired by Fruth Investment Management

Key Points

• Fruth Investment Management has acquired 8,000 shares of Pan American Silver Corp, valued at approximately $206,000, indicating growing interest in the company.
• Several institutional investors, including Connor Clark & Lunn Investment Management and MIRAE ASSET GLOBAL ETFS HOLDINGS, have significantly increased their stakes in PAAS, demonstrating strong confidence in the company's future.
• Pan American Silver has recently raised its quarterly dividend from $0.10 to $0.12 per share, which reflects a positive outlook with a dividend yield of 1.3% and a payout ratio of 33.10%.

Fruth Investment Management bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the basic materials company's stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC boosted its position in shares of Pan American Silver by 189.0% during the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company's stock worth $2,788,000 after purchasing an additional 70,593 shares during the period. Empowered Funds LLC acquired a new position in Pan American Silver during the first quarter worth $1,272,000. Goldman Sachs Group Inc. boosted its position in shares of Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company's stock worth $38,728,000 after buying an additional 360,283 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company's stock worth $504,000 after buying an additional 16,626 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Pan American Silver by 6.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 22,055 shares of the basic materials company's stock valued at $570,000 after buying an additional 1,366 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 0.3%

Shares of Pan American Silver stock traded down $0.10 on Friday, reaching $36.72. 6,941,874 shares of the company were exchanged, compared to its average volume of 5,249,782. The stock's 50 day moving average price is $31.22 and its 200-day moving average price is $27.72. 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 1-year low of $19.80 and a 1-year high of $37.56. The company has a market cap of $15.50 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $782.12 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm's quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, August 18th. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Pan American Silver's payout ratio is presently 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several research reports. National Bank Financial raised Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. TD Securities lowered their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four 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 $32.20.

About Pan American Silver

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.