Pan American Silver Corp. $PAAS Shares Purchased by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL increased its stake in Pan American Silver Corp. by 50.4%, owning a total of 39,550 shares worth approximately $1,022,000 after acquiring additional shares during the first quarter.
• Pan American Silver reported earnings of $0.43 EPS for the last quarter, surpassing analyst estimates, and showing a year-over-year revenue increase of 18.3% to $811.90 million.
• The company announced a dividend increase from $0.10 to $0.12 per share, resulting in an annualized yield of 1.4% and a dividend payout ratio of 33.10%.

Gamco Investors INC. ET AL grew its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 50.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,550 shares of the basic materials company's stock after purchasing an additional 13,250 shares during the quarter. Gamco Investors INC. ET AL's holdings in Pan American Silver were worth $1,022,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Graybill Wealth Management LTD. purchased a new stake in Pan American Silver in the 1st quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its stake in Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 3,759 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Pan American Silver during the 1st quarter worth about $151,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pan American Silver during the first quarter worth about $161,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 1.3%

Shares of PAAS stock traded down $0.43 during mid-day trading on Thursday, reaching $33.61. The company's stock had a trading volume of 1,515,764 shares, compared to its average volume of 4,567,351. 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 firm has a market capitalization of $12.16 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 0.46 and a beta of 0.65. The company's 50 day simple moving average is $30.25 and its 200-day simple moving average is $27.15. Pan American Silver Corp. has a 12-month low of $18.50 and a 12-month high of $35.00.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced 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. The firm had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. On average, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

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

Analyst Ratings Changes

Several brokerages recently issued reports on PAAS. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. TD Securities lowered their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Finally, Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $31.40.

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.