Freemont Management S.A. Lowers Position in Pan American Silver Corp. (NYSE:PAAS)

Freemont Management S.A. cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 83.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,900 shares of the basic materials company's stock after selling 147,100 shares during the quarter. Freemont Management S.A.'s holdings in Pan American Silver were worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc. grew its holdings in shares of Pan American Silver by 76.9% during the 1st 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 last quarter. CWM LLC lifted its position in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock worth $42,000 after purchasing an additional 510 shares during the period. UniSuper Management Pty Ltd lifted its position in shares of Pan American Silver by 73.3% in the 1st 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 during the period. Brown Brothers Harriman & Co. lifted its position in shares of Pan American Silver by 446.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company's stock worth $143,000 after purchasing an additional 7,174 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock worth $148,000 after purchasing an additional 774 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 1.0 %

Pan American Silver stock traded up $0.19 during trading hours on Monday, hitting $18.81. The stock had a trading volume of 1,683,799 shares, compared to its average volume of 4,163,502. The stock's 50-day moving average price is $21.12 and its 200-day moving average price is $19.12. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $6.83 billion, a P/E ratio of -40.89 and a beta of 1.35. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $24.27.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results 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 business had revenue of $686.30 million for the quarter, compared to the consensus estimate 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 business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Equities research analysts anticipate that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.10 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. Pan American Silver's payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Scotiabank raised their target price on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 16th. Jefferies Financial Group raised their target price on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, July 12th. CIBC lifted their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Finally, BMO Capital Markets lifted their price target on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.42.

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.