Sprott Inc. Purchases 33,714 Shares of Pan American Silver Corp. $PAAS

Key Points

• Sprott Inc. has increased its holdings in Pan American Silver Corp. by 1.2%, now owning 2,948,457 shares, which constitutes approximately 4.1% of its investment portfolio.
• Pan American Silver reported a net margin of 16.80% and $811.90 million in revenue for the most recent quarter, outperforming analysts' expectations.
• The company recently announced a quarterly dividend increase from $0.10 to $0.12, reflecting a positive change for investors with a current yield of 1.5%.

Sprott Inc. raised its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,948,457 shares of the basic materials company's stock after purchasing an additional 33,714 shares during the period. Pan American Silver makes up approximately 4.1% of Sprott Inc.'s investment portfolio, making the stock its 4th biggest position. Sprott Inc. owned 0.81% of Pan American Silver worth $76,160,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Graybill Wealth Management LTD. acquired a new position in shares of Pan American Silver during the 1st quarter worth $33,000. Farther Finance Advisors LLC grew its position in 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 valued at $70,000 after acquiring an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in 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 valued at $116,000 after acquiring an additional 3,759 shares during the last quarter. Rossby Financial LCC acquired a new position in Pan American Silver during the first quarter worth about $151,000. Finally, Summit Securities Group LLC bought a new position in shares of Pan American Silver in the first quarter worth about $161,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $32.0160 on Friday. The stock has a market capitalization of $11.58 billion, a PE ratio of 22.08, a PEG ratio of 0.42 and a beta of 0.60. The business's 50 day simple moving average is $29.44 and its 200 day simple moving average is $26.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. Pan American Silver Corp. has a one year low of $18.50 and a one year high of $32.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same quarter last year, the business earned $0.11 EPS. The company's revenue was up 18.3% compared to the same quarter last year. As a group, research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.5%. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PAAS shares. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. TD Securities dropped their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen lowered Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Pan American Silver presently has a consensus rating of "Hold" and a consensus target price of $31.40.

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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