LPL Financial LLC Acquires 21,008 Shares of Pan American Silver Corp. (NYSE:PAAS)

Key Points

• LPL Financial LLC increased its stock holdings in Pan American Silver Corp. by 11.3% in Q1, now owning approximately 0.06% of the company, valued at $5.37 million.
• Pan American Silver increased its quarterly dividend from $0.10 to $0.12, representing a 1.5% yield for shareholders.
• The company's latest earnings report showed a quarterly revenue of $811.9 million, exceeding estimates, with a year-over-year revenue increase of 18.3%.

LPL Financial LLC lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,724 shares of the basic materials company's stock after purchasing an additional 21,008 shares during the period. LPL Financial LLC owned about 0.06% of Pan American Silver worth $5,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver during the first quarter worth about $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 during 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 during the last quarter. Rossby Financial LCC bought a new stake in Pan American Silver in the first quarter valued at approximately $151,000. Finally, State of Wyoming boosted its holdings in Pan American Silver by 93.8% in the fourth quarter. State of Wyoming now owns 9,161 shares of the basic materials company's stock valued at $185,000 after acquiring an additional 4,435 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Up 1.1%

PAAS traded up $0.33 during trading on Friday, hitting $31.74. The company's stock had a trading volume of 3,427,562 shares, compared to its average volume of 4,571,575. Pan American Silver Corp. has a twelve month low of $18.50 and a twelve month high of $32.50. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average price is $29.17 and its 200-day moving average price is $26.32. The firm has a market capitalization of $11.48 billion, a P/E ratio of 21.89, a PEG ratio of 0.43 and a beta of 0.60.

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, beating 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 firm had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company's revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 18th. Pan American Silver's payout ratio is presently 27.59%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities reduced their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Finally, CIBC reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and an average price target of $31.40.

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.