Pan American Silver Corp. $PAAS Shares Purchased by Oxbow Advisors LLC

Key Points

• Oxbow Advisors LLC increased its stake in Pan American Silver Corp. by 34.3% during the second quarter, now holding approximately 449,985 shares valued at $12.78 million.
• Several hedge funds have also made changes in their positions, contributing to institutional investors owning 55.43% of the company’s stock.
• Pan American Silver declared a quarterly dividend of $0.12, an increase from the previous $0.10, representing an annualized yield of 1.1%.

Oxbow Advisors LLC boosted its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 34.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 449,985 shares of the basic materials company's stock after buying an additional 114,875 shares during the quarter. Pan American Silver makes up approximately 1.4% of Oxbow Advisors LLC's portfolio, making the stock its 16th largest holding. Oxbow Advisors LLC owned approximately 0.12% of Pan American Silver worth $12,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Pan American Silver during the first quarter worth approximately $33,000. Kiker Wealth Management LLC grew its holdings in shares of 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 in the last quarter. CWM LLC raised its position in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock valued at $64,000 after buying an additional 550 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 worth $70,000 after buying an additional 775 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in Pan American Silver during the second quarter worth about $108,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. National Bank Financial raised shares of Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Friday, October 3rd. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pan American Silver in a research note on Tuesday. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Pan American Silver Price Performance

Shares of PAAS opened at $42.05 on Friday. The company has a market cap of $17.75 billion, a P/E ratio of 29.00, a PEG ratio of 0.65 and a beta of 0.63. Pan American Silver Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $42.57. 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's 50 day moving average price is $35.76 and its 200 day moving average price is $29.86.

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, topping analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm's quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.12 dividend. This is a boost 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 1.1%. The ex-dividend date was Monday, August 18th. Pan American Silver's payout ratio is 33.10%.

Pan American Silver Company 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.

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