Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 266,491 shares of the basic materials company's stock after acquiring an additional 45,900 shares during the quarter. Goehring & Rozencwajg Associates LLC owned approximately 0.07% of Pan American Silver worth $5,298,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC raised its stake in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock worth $33,000 after buying an additional 1,500 shares during the period. Rathbones Group PLC raised its stake in shares of Pan American Silver by 19.0% during the 2nd quarter. Rathbones Group PLC now owns 30,484 shares of the basic materials company's stock worth $606,000 after buying an additional 4,870 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Pan American Silver by 65.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 190,769 shares of the basic materials company's stock worth $3,877,000 after purchasing an additional 75,577 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Pan American Silver during the second quarter worth approximately $3,455,000. Finally, Forsta AP Fonden purchased a new stake in shares of Pan American Silver during the second quarter worth approximately $743,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on PAAS shares. CIBC boosted their price target 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 dropped their price target on Pan American Silver from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Scotiabank upped their target price on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada upped their target price on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.64.

Pan American Silver Stock Up 3.0 %

Shares of PAAS traded up $0.61 during mid-day trading on Thursday, reaching $21.03. The company's stock had a trading volume of 3,496,102 shares, compared to its average volume of 4,132,526. The company's 50 day moving average is $21.00 and its 200 day moving average is $19.45. The stock has a market cap of $7.63 billion, a PE ratio of -45.70 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. 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 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). The firm had revenue of $686.30 million for the quarter, compared to analysts' expectations of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Equities analysts anticipate that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.90%. Pan American Silver's dividend payout ratio (DPR) is currently -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.