SG Americas Securities LLC Buys 245,575 Shares of Pan American Silver Corp. (NYSE:PAAS)

SG Americas Securities LLC increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 187.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 376,448 shares of the basic materials company's stock after purchasing an additional 245,575 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Pan American Silver worth $9,724,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver during the fourth quarter worth $32,000. Farther Finance Advisors LLC grew its stake 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 worth $39,000 after purchasing an additional 1,209 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver during the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Pan American Silver during the fourth quarter worth $53,000. Finally, Jones Financial Companies Lllp grew its stake 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 worth $58,000 after purchasing an additional 549 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Pan American Silver Stock Up 0.2%

Shares of Pan American Silver stock traded up $0.06 during trading on Friday, reaching $29.02. The stock had a trading volume of 5,050,190 shares, compared to its average volume of 3,907,719. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 90.67 and a beta of 0.63. The stock has a fifty day moving average price of $25.47 and a two-hundred day moving average price of $24.01. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $29.66. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share. Sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS 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 $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Pan American Silver's dividend payout ratio (DPR) is 45.98%.

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.