Fruth Investment Management Invests $206,000 in Pan American Silver Corp. $PAAS

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 purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the basic materials company's stock, valued at approximately $206,000.

Other large investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new stake in Pan American Silver in the first quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 775 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 3,759 shares in the last quarter. Banque Transatlantique SA bought a new stake in Pan American Silver in the first quarter valued at $139,000. Finally, Rossby Financial LCC bought a new stake in Pan American Silver in the first quarter valued at $151,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Down 1.9%

Shares of PAAS traded down $0.67 during midday trading on Wednesday, hitting $35.54. The company had a trading volume of 2,761,439 shares, compared to its average volume of 4,685,576. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The company's 50-day simple moving average is $31.53 and its 200-day simple moving average is $27.88. The firm has a market capitalization of $15.00 billion, a P/E ratio of 24.56, a P/E/G ratio of 0.47 and a beta of 0.65. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 year high of $37.73.

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

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.4%. Pan American Silver's dividend payout ratio (DPR) is 33.10%.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Scotiabank dropped their target price on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. Finally, National Bank Financial raised Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently 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.