Oxbow Advisors LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Oxbow Advisors LLC purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,630 shares of the basic materials company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in Pan American Silver by 31.6% in the 2nd 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 in the last quarter. Signaturefd LLC lifted its position in shares of Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 774 shares in the last quarter. Perritt Capital Management Inc. boosted its stake in shares of Pan American Silver by 76.9% during the first 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 during the last quarter. Franklin Resources Inc. increased its position in 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 worth $3,899,000 after purchasing an additional 1,169 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Pan American Silver by 2.9% in the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 1,336 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PAAS. CIBC raised their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Scotiabank increased 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. Jefferies Financial Group raised their price objective on Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Finally, BMO Capital Markets upped their target price on Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $24.42.

Pan American Silver Trading Down 3.5 %

Shares of PAAS opened at $18.62 on Friday. The stock’s fifty day simple moving average is $21.14 and its 200 day simple moving average is $19.03. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $24.27. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $6.76 billion, a P/E ratio of -40.48 and a beta of 1.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 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 analysts’ expectations of $696.08 million. During the same period in the prior year, the business posted $0.04 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is -86.96%.

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.