Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 153.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,007 shares of the basic materials company's stock after purchasing an additional 31,515 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Pan American Silver were worth $1,034,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PAAS. Perritt Capital Management Inc. boosted its holdings in shares of Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 1,000 shares during the period. CWM LLC increased its position in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock worth $42,000 after purchasing an additional 510 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company's stock worth $78,000 after purchasing an additional 2,200 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Pan American Silver by 446.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company's stock valued at $143,000 after buying an additional 7,174 shares during the last quarter. Finally, StoneX Group Inc. grew its holdings in shares of Pan American Silver by 14.9% during the first quarter. StoneX Group Inc. now owns 12,191 shares of the basic materials company's stock valued at $184,000 after buying an additional 1,579 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent research reports. CIBC upped their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their target price on Pan American Silver from $19.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, July 12th. BMO Capital Markets increased their target price on Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. StockNews.com upgraded Pan American Silver from a "sell" rating to a "hold" rating in a research report on Saturday, May 11th. Finally, Scotiabank increased their target price on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $24.42.

Pan American Silver Trading Down 3.5 %

Shares of NYSE PAAS traded down $0.67 during mid-day trading on Friday, reaching $18.62. 3,340,357 shares of the company's stock were exchanged, compared to its average volume of 4,176,869. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -40.48 and a beta of 1.35. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $24.27. The company's 50-day moving average is $21.14 and its 200-day moving average is $18.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million during the quarter, compared to analysts' expectations of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. Analysts expect that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Monday, August 19th. Pan American Silver's dividend payout ratio is presently -86.96%.

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.