Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC lessened its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 29.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,600 shares of the basic materials company’s stock after selling 6,100 shares during the period. Integrated Advisors Network LLC’s holdings in Pan American Silver were worth $305,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Foundry Partners LLC boosted its stake in Pan American Silver by 11.6% in the 1st quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock worth $3,735,000 after purchasing an additional 25,835 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Pan American Silver in the second quarter worth about $990,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pan American Silver during the second quarter worth about $963,000. Cetera Investment Advisers purchased a new stake in Pan American Silver in the first quarter valued at approximately $1,565,000. Finally, Stratos Wealth Advisors LLC increased its holdings in Pan American Silver by 33.4% in the 3rd 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 period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.9 %

PAAS stock opened at $22.97 on Friday. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. 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 firm has a market cap of $8.34 billion, a P/E ratio of -58.90 and a beta of 1.35. The company’s 50-day simple moving average is $21.74 and its 200-day simple moving average is $21.04.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The business had revenue of $686.30 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, equities analysts forecast that Pan American Silver Corp. will post 0.66 EPS for the current fiscal year.

Pan American Silver Announces Dividend

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 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is -102.56%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Jefferies Financial Group lifted 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. CIBC upped their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank lifted their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note 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 stock an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.93.

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.