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

PFG Investments LLC grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 316.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $32,000. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $43,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Pan American Silver during the fourth quarter valued at about $53,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 1.2%

PAAS opened at $28.62 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 0.53 and a beta of 0.63. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $29.66. The company's 50-day moving average price is $25.94 and its two-hundred day moving average price is $24.25.

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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The firm 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 in the previous year, the company earned $0.01 earnings per share. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

Analyst Ratings Changes

A number of research firms recently weighed in on PAAS. 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. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. CIBC raised 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. TD Securities dropped their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.60.

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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