International Assets Investment Management LLC Makes New $1.66 Million Investment in Pan American Silver Corp. (NYSE:PAAS)

International Assets Investment Management LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 79,496 shares of the basic materials company's stock, valued at approximately $1,659,000.

A number of other institutional investors have also recently bought and sold shares of the business. Foundry Partners LLC raised its holdings in shares of Pan American Silver by 11.6% during the first quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company's stock worth $3,735,000 after acquiring an additional 25,835 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Pan American Silver during the 2nd quarter worth about $990,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pan American Silver during the 2nd quarter valued at about $963,000. Cetera Investment Advisers bought a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $1,565,000. Finally, Stratos Wealth Advisors LLC increased its holdings in Pan American Silver by 33.4% in the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company's stock worth $3,324,000 after buying an additional 39,873 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded down $0.25 during mid-day trading on Monday, reaching $22.74. 2,241,425 shares of the stock were exchanged, compared to its average volume of 4,056,715. The firm has a 50-day simple moving average of $21.74 and a 200 day simple moving average of $21.07. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a market cap of $8.25 billion, a price-to-earnings ratio of -58.31 and a beta of 1.33.

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 business had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. During the same period in the prior year, the firm earned $0.04 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Pan American Silver Corp. will post 0.66 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver's dividend payout ratio is currently -102.56%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada boosted their target price 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, September 10th. CIBC increased their target price 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. Scotiabank upped their price target on 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. Finally, Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.