Golden State Equity Partners Boosts Holdings in Pan American Silver Corp. (NYSE:PAAS)

Golden State Equity Partners raised its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the basic materials company's stock after buying an additional 10,000 shares during the quarter. Golden State Equity Partners' holdings in Pan American Silver were worth $775,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. PFG Investments LLC raised its stake in Pan American Silver by 316.7% during the first quarter. PFG Investments LLC now owns 73,163 shares of the basic materials company's stock valued at $1,890,000 after buying an additional 55,606 shares during the last quarter. Compass Ion Advisors LLC bought a new position in shares of Pan American Silver during the first quarter valued at $223,000. Builder Investment Group Inc. ADV raised its position in shares of Pan American Silver by 2.2% in the 1st quarter. Builder Investment Group Inc. ADV now owns 264,874 shares of the basic materials company's stock worth $6,842,000 after purchasing an additional 5,800 shares during the last quarter. PKO Investment Management Joint Stock Co boosted its stake in Pan American Silver by 3.0% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 171,266 shares of the basic materials company's stock worth $4,437,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Lesa Sroufe & Co purchased a new stake in Pan American Silver during the 1st quarter valued at about $4,964,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. CIBC increased their target price on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Finally, TD Securities reduced their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.44 during trading hours on Thursday, reaching $29.12. The company had a trading volume of 3,177,034 shares, compared to its average volume of 3,921,018. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The business has a fifty day moving average price of $26.01 and a 200-day moving average price of $24.37. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $29.66. The firm has a market cap of $10.54 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 0.51 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm's revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. Sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

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.