Wynnefield Capital Inc. Trims Stock Position in Pan American Silver Corp. $PAAS

Key Points

• Wynnefield Capital Inc. has reduced its stock position in Pan American Silver Corp. by 50%, holding 50,000 shares valued at approximately $1.42 million, making it the firm's 10th largest holding.
• Pan American Silver reported a quarterly earnings per share (EPS) of $0.43, exceeding analyst expectations of $0.40, with revenue of $811.90 million for the quarter, up 18.3% compared to the previous year.
• The company has approved a dividend increase from $0.10 to $0.12 per share, yielding 1.3% annually, with a current payout ratio of 33.10%.

Wynnefield Capital Inc. decreased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 50.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the basic materials company's stock after selling 50,000 shares during the period. Pan American Silver comprises about 0.8% of Wynnefield Capital Inc.'s portfolio, making the stock its 10th largest holding. Wynnefield Capital Inc.'s holdings in Pan American Silver were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAAS. Signaturefd LLC boosted its stake in Pan American Silver by 8.1% in the first quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company's stock valued at $221,000 after acquiring an additional 643 shares during the period. Farther Finance Advisors LLC grew its position in 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 last quarter. US Bancorp DE increased its stake in shares of Pan American Silver by 13.4% in the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after purchasing an additional 820 shares during the period. Blair William & Co. IL boosted its position in shares of Pan American Silver by 4.3% during the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock worth $561,000 after buying an additional 900 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Pan American Silver by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 35,360 shares of the basic materials company's stock worth $913,000 after buying an additional 970 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $36.46 on Thursday. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $38.41. 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 firm has a 50-day moving average of $32.37 and a two-hundred day moving average of $28.35. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.61 and a beta of 0.65.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data 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 company had revenue of $811.90 million for the quarter, compared to analysts' expectations of $782.12 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business's revenue was up 18.3% compared to the same quarter last year. As a group, analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.12 per share. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Pan American Silver's payout ratio is currently 33.10%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Scotiabank decreased their target price on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a research report on Friday, September 5th. National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. Finally, CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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