Caprock Group LLC Acquires New Position in Pan American Silver Corp. (NYSE:PAAS)

Caprock Group LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,784 shares of the basic materials company's stock, valued at approximately $851,000.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Pan American Silver during the 2nd quarter valued at $333,000. Oxbow Advisors LLC purchased a new position in shares of Pan American Silver during the 2nd quarter valued at $231,000. Foundry Partners LLC lifted its position in shares of Pan American Silver by 5.3% during the 2nd quarter. Foundry Partners LLC now owns 260,765 shares of the basic materials company's stock valued at $5,184,000 after buying an additional 13,089 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Pan American Silver by 22.1% during the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock valued at $43,440,000 after buying an additional 395,589 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Pan American Silver by 7.4% during the 2nd quarter. CIBC Asset Management Inc now owns 596,835 shares of the basic materials company's stock valued at $11,855,000 after buying an additional 41,030 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE PAAS traded up $0.34 during trading on Wednesday, reaching $19.30. The company's stock had a trading volume of 2,526,574 shares, compared to its average volume of 4,142,901. The stock has a market capitalization of $7.01 billion, a PE ratio of -41.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The firm has a fifty day moving average of $21.07 and a 200 day moving average of $19.16. Pan American Silver Corp. has a one year low of $12.16 and a one year 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 for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The business had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. Pan American Silver's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. Pan American Silver's dividend payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of recent research reports. BMO Capital Markets upped their price target on Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday. Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 16th. CIBC increased their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group increased their price objective on Pan American Silver from $19.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.79.

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.