Public Employees Retirement System of Ohio Grows Stock Position in Pan American Silver Corp. $PAAS

Public Employees Retirement System of Ohio raised its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 106.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 56,614 shares of the basic materials company's stock after buying an additional 29,217 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Pan American Silver were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. Graybill Wealth Management LTD. purchased a new position in shares of Pan American Silver in the first quarter worth about $33,000. Farther Finance Advisors LLC raised 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 purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after purchasing an additional 3,759 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of Pan American Silver in the first quarter worth about $139,000. Finally, Rossby Financial LCC purchased a new position in shares of Pan American Silver in the first quarter worth about $151,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 0.3%

Shares of PAAS opened at $39.07 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock's 50 day moving average is $33.69 and its two-hundred day moving average is $28.99. The firm has a market cap of $16.49 billion, a P/E ratio of 26.94, a PEG ratio of 0.63 and a beta of 0.63. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $40.34.

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. The firm had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business's revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver's dividend payout ratio is presently 33.10%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research analyst reports. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Friday. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. National Bank Financial upgraded Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Pan American Silver in a research report on Saturday, September 27th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.50.

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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