Forsta AP Fonden Makes New $743,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Forsta AP Fonden purchased a new position 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 purchased 37,400 shares of the basic materials company's stock, valued at approximately $743,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of Pan American Silver by 31.6% in the second 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 during the period. Signaturefd LLC increased its position in Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock worth $148,000 after acquiring an additional 774 shares during the period. Perritt Capital Management Inc. raised its holdings in 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 acquiring an additional 1,000 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company's stock valued at $3,899,000 after acquiring an additional 1,169 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Pan American Silver by 2.9% in the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company's stock valued at $714,000 after acquiring an additional 1,336 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Pan American Silver Stock Down 1.6 %

Shares of Pan American Silver stock traded down $0.33 on Tuesday, reaching $20.90. The company's stock had a trading volume of 2,869,050 shares, compared to its average volume of 4,139,407. The firm's fifty day simple moving average is $21.05 and its two-hundred day simple moving average is $19.39. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.27. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of -45.41 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued 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 firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. Equities analysts anticipate that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. Pan American Silver's dividend payout ratio (DPR) is presently -86.96%.

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.