U S Global Investors Inc. Has $1.04 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

U S Global Investors Inc. increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the basic materials company's stock after acquiring an additional 20,000 shares during the period. U S Global Investors Inc.'s holdings in Pan American Silver were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after buying an additional 653,064 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Pan American Silver by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock worth $199,440,000 after acquiring an additional 159,908 shares in the last quarter. Tidal Investments LLC raised its position in shares of Pan American Silver by 15,618.3% during the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock worth $57,340,000 after purchasing an additional 3,779,309 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock valued at $62,107,000 after purchasing an additional 1,056,981 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Pan American Silver by 22.1% in 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 purchasing an additional 395,589 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 4.1 %

Shares of NYSE PAAS traded up $1.03 during trading hours on Tuesday, hitting $25.85. The stock had a trading volume of 5,587,503 shares, compared to its average volume of 4,088,117. The firm's 50-day moving average price is $21.03 and its two-hundred day moving average price is $20.70. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company has a market capitalization of $9.38 billion, a P/E ratio of -55.50 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06.

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 for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business posted $0.04 EPS. Analysts anticipate that Pan American Silver Corp. will post 0.64 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Pan American Silver's dividend payout ratio (DPR) is presently -86.96%.

Analyst Ratings Changes

A number of analysts have commented on PAAS shares. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Scotiabank raised their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, July 16th. CIBC boosted their target price on shares of Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada raised their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.93.

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.