Sheets Smith Wealth Management Buys New Position in Pan American Silver Corp. $PAAS

Key Points

• Sheets Smith Wealth Management has acquired a new stake in Pan American Silver Corp., purchasing 24,767 shares valued at approximately $703,000 in the second quarter.
• The company reported $0.43 EPS for the last quarter, surpassing analysts' estimates and showing an 18.3% increase in revenue year-over-year.
• Pan American Silver recently announced a dividend increase from $0.10 to $0.12 per share, reflecting a positive shift in its dividend payout ratio of 33.10%.

Sheets Smith Wealth Management bought a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,767 shares of the basic materials company's stock, valued at approximately $703,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Pan American Silver by 16.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 500,868 shares of the basic materials company's stock valued at $10,128,000 after purchasing an additional 69,596 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Pan American Silver by 11.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 29,115 shares of the basic materials company's stock valued at $589,000 after purchasing an additional 2,924 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Pan American Silver during the 4th quarter valued at about $3,365,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Pan American Silver by 143.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,163 shares of the basic materials company's stock valued at $630,000 after purchasing an additional 18,343 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Pan American Silver by 191.0% during the 4th quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company's stock valued at $3,394,000 after purchasing an additional 110,170 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

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 company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The company's fifty day moving average is $32.37 and its 200-day moving average is $28.35. The company 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.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 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 for the quarter, compared to the consensus estimate of $782.12 million. During the same quarter in the previous year, the company earned $0.11 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. Equities research 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 firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.12 dividend. This is a positive change 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 1.3%. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of analyst reports. Scotiabank reduced their price objective 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. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. One 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. According to MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and an average price target of $32.20.

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.

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