International Assets Investment Management LLC Makes New Investment in Pan American Silver Corp. $PAAS

Key Points

• International Assets Investment Management LLC has made a new investment in Pan American Silver Corp., acquiring 9,375 shares valued at approximately $266,000.
• Pan American Silver recently reported earnings of $0.43 per share, surpassing analyst expectations, with revenue of $811.90 million for the quarter, an 18.3% year-over-year increase.
• The company has announced an increase in its quarterly dividend from $0.10 to $0.12 per share, reflecting a positive change in its dividend payout ratio.

International Assets Investment Management LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,375 shares of the basic materials company's stock, valued at approximately $266,000.

Several other hedge funds have also recently bought and sold shares of the business. Signaturefd LLC increased its position in Pan American Silver by 5.5% during the second quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company's stock worth $257,000 after buying an additional 475 shares during the last quarter. CWM LLC increased its position in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock worth $64,000 after buying an additional 550 shares during the last quarter. Kiker Wealth Management LLC increased its position in Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company's stock worth $57,000 after buying an additional 600 shares during the last quarter. US Bancorp DE increased its position in Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock worth $180,000 after buying an additional 820 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Pan American Silver by 4.3% in the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock valued at $561,000 after purchasing an additional 900 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Up 1.0%

PAAS stock opened at $36.22 on Friday. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $42.57. The company has a market cap of $15.29 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 0.45 and a beta of 0.63. The business's 50-day simple moving average is $36.29 and its 200 day simple moving average is $30.31. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. During the same period last year, the business earned $0.11 earnings per share. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued 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 dividend on an annualized basis and a yield of 1.3%. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAAS. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pan American Silver in a research report on Tuesday, October 14th. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Scotiabank raised their price target on Pan American Silver from $36.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday. National Bank Financial raised Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. Finally, Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.25.

Pan American Silver 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.

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.