Pan American Silver Corp. $PAAS Shares Sold by Plancorp LLC

Key Points

• Plancorp LLC has reduced its stake in Pan American Silver Corp. by 23.7%, selling 13,000 shares, leaving it with 41,922 shares valued at $1,191,000.
• Pan American Silver has recently announced a quarterly dividend of $0.12 per share, up from the previous $0.10, reflecting a long-term dividend yield of 1.3%.
• The company reported $0.43 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $0.40, and its revenue increased by 18.3% year-over-year.

Plancorp LLC reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 23.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,922 shares of the basic materials company's stock after selling 13,000 shares during the period. Plancorp LLC's holdings in Pan American Silver were worth $1,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Pan American Silver by 106.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 56,614 shares of the basic materials company's stock worth $1,604,000 after purchasing an additional 29,217 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Pan American Silver during the 2nd quarter worth approximately $703,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Pan American Silver during the 2nd quarter worth approximately $736,000. Sowell Financial Services LLC raised its position in shares of Pan American Silver by 3.6% during the 2nd quarter. Sowell Financial Services LLC now owns 31,501 shares of the basic materials company's stock worth $895,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Pan American Silver by 38.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company's stock worth $107,000 after purchasing an additional 1,034 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 3.5%

Shares of NYSE PAAS opened at $36.46 on Thursday. Pan American Silver Corp. has a 52-week low of $19.80 and a 52-week high of $38.41. The firm has a fifty day moving average of $32.37 and a 200-day moving average of $28.35. The stock has a market capitalization of $15.39 billion, a PE ratio of 25.15, a P/E/G ratio of 0.61 and a beta of 0.65. 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 announced its quarterly earnings data 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 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 analysts' expectations of $782.12 million. During the same period in the previous year, the company earned $0.11 EPS. The business's quarterly revenue was up 18.3% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research reports. National Bank Financial upgraded Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Scotiabank lowered their target price on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. Finally, Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.20.

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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