PFG Investments LLC Has $1.89 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

PFG Investments LLC grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 316.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,163 shares of the basic materials company's stock after buying an additional 55,606 shares during the quarter. PFG Investments LLC's holdings in Pan American Silver were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Compass Ion Advisors LLC acquired a new stake in shares of Pan American Silver in the first quarter valued at $223,000. Builder Investment Group Inc. ADV raised its position in Pan American Silver by 2.2% in the first quarter. Builder Investment Group Inc. ADV now owns 264,874 shares of the basic materials company's stock worth $6,842,000 after acquiring an additional 5,800 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its holdings in Pan American Silver by 3.0% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 171,266 shares of the basic materials company's stock valued at $4,437,000 after acquiring an additional 5,000 shares during the last quarter. Lesa Sroufe & Co bought a new position in shares of Pan American Silver during the 1st quarter valued at about $4,964,000. Finally, Southland Equity Partners LLC acquired a new position in shares of Pan American Silver in the 1st quarter worth approximately $300,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAAS has been the subject of several analyst reports. TD Securities reduced their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC upped their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.60.

Pan American Silver Stock Up 1.1%

PAAS stock traded up $0.31 during midday trading on Wednesday, reaching $28.70. The company had a trading volume of 3,081,914 shares, compared to its average volume of 3,923,932. The company has a 50 day moving average of $26.00 and a two-hundred day moving average of $24.34. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $29.66. The company has a market capitalization of $10.39 billion, a P/E ratio of 32.99, a PEG ratio of 0.51 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data 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. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period last year, the company earned $0.01 earnings per share. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. Pan American Silver's dividend payout ratio is 45.98%.

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.