Pan American Silver Corp. (NYSE:PAAS) Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 80.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,652 shares of the basic materials company's stock after selling 72,857 shares during the period. PFG Investments LLC's holdings in Pan American Silver were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. boosted its holdings in shares of Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company's stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. CWM LLC boosted its holdings 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 valued at $42,000 after buying an additional 510 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings 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 valued at $78,000 after buying an additional 2,200 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings 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 valued at $143,000 after buying an additional 7,174 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings 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 valued at $148,000 after buying an additional 774 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded up $0.69 during trading on Friday, hitting $21.20. 4,895,337 shares of the stock traded hands, compared to its average volume of 4,148,896. 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 company has a market cap of $7.70 billion, a price-to-earnings ratio of -46.09 and a beta of 1.35. The company has a fifty day moving average price of $21.06 and a two-hundred day moving average price of $19.23. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $24.27.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. During the same period in the prior year, the business posted $0.04 EPS. Pan American Silver's revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that Pan American Silver Corp. will post 0.59 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors 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 1.89%. Pan American Silver's dividend payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Scotiabank raised their price target 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. CIBC raised their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Royal Bank of Canada raised their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Jefferies Financial Group reduced their price target on shares of Pan American Silver from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.64.

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.