Pan American Silver Corp. (NYSE:PAAS) is Financial Sense Advisors Inc.'s 3rd Largest Position

Financial Sense Advisors Inc. raised its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 30.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 943,173 shares of the basic materials company's stock after purchasing an additional 220,006 shares during the quarter. Pan American Silver accounts for 6.8% of Financial Sense Advisors Inc.'s portfolio, making the stock its 3rd largest holding. Financial Sense Advisors Inc. owned approximately 0.26% of Pan American Silver worth $24,362,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PAAS. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver in the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 1,209 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of 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 buying an additional 3,759 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Pan American Silver during the fourth quarter worth about $118,000. Finally, Rossby Financial LCC purchased a new position in Pan American Silver in the first quarter worth approximately $151,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PAAS. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets began coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. TD Securities cut their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Price Performance

NYSE PAAS opened at $29.62 on Tuesday. The firm's 50 day moving average price is $27.16 and its 200-day moving average price is $25.31. The company has a market cap of $10.72 billion, a PE ratio of 34.10, a P/E/G ratio of 0.44 and a beta of 0.67. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $31.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.35%. Pan American Silver's dividend payout ratio 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.

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