Triasima Portfolio Management inc. Increases Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Triasima Portfolio Management Inc. increased its stake in Pan American Silver Corp. by 29.1%, acquiring an additional 47,500 shares to now hold 211,010 shares worth approximately $5.975 million.
• Pan American Silver reported $0.43 earnings per share for the latest quarter, surpassing analyst expectations of $0.40, with year-over-year revenue growth of 18.3%.
• The company recently raised its quarterly dividend from $0.10 to $0.12 per share, marking a 20% increase, with a current dividend yield of 1.2%.

Triasima Portfolio Management inc. raised its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 29.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,010 shares of the basic materials company's stock after purchasing an additional 47,500 shares during the quarter. Triasima Portfolio Management inc. owned 0.06% of Pan American Silver worth $5,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Pan American Silver by 5.5% in the 2nd quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company's stock worth $257,000 after purchasing an additional 475 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Pan American Silver by 39.8% in the 1st 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 period. US Bancorp DE lifted its stake in shares of Pan American Silver by 13.4% in the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock worth $180,000 after purchasing an additional 820 shares during the period. Blair William & Co. IL lifted its stake in shares of Pan American Silver by 4.3% in the 1st quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock worth $561,000 after purchasing an additional 900 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Pan American Silver by 2.8% in the 1st quarter. Advisors Asset Management Inc. now owns 35,360 shares of the basic materials company's stock worth $913,000 after purchasing an additional 970 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $39.38 on Wednesday. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12-month low of $19.80 and a 12-month high of $40.42. The stock has a 50-day moving average price of $34.14 and a 200 day moving average price of $29.20. The stock has a market capitalization of $16.62 billion, a P/E ratio of 27.16, a P/E/G ratio of 0.65 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its 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 return on equity of 11.49% and a net margin of 16.80%.The firm had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. During the same quarter last year, the business posted $0.11 earnings per share. The firm's revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.12 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is 33.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Pan American Silver in a research note on Saturday, September 27th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. Scotiabank decreased their price objective on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. Finally, Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.50.

Pan American Silver Company 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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