Blair William & Co. IL Sells 2,299 Shares of Pan American Silver Corp. (NYSE:PAAS)

Blair William & Co. IL reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 22,936 shares of the basic materials company’s stock after selling 2,299 shares during the quarter. Blair William & Co. IL’s holdings in Pan American Silver were worth $456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its position in Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the last quarter. Perritt Capital Management Inc. raised its position in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Pan American Silver by 73.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 2,200 shares during the last quarter. Signaturefd LLC grew its position in Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 774 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Pan American Silver by 446.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 7,174 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent research reports. Scotiabank lifted their target price on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. CIBC lifted their price objective 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. Royal Bank of Canada increased their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group dropped their price target on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $24.64.

Pan American Silver Stock Up 2.2 %

Shares of PAAS opened at $22.36 on Friday. The firm has a fifty day moving average price of $20.76 and a 200-day moving average price of $19.75. 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 $8.12 billion, a P/E ratio of -48.61 and a beta of 1.35. 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) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. Pan American Silver’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share. Equities research analysts expect that Pan American Silver Corp. will post 0.61 earnings per share for the current year.

Pan American Silver Announces Dividend

The company 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. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.79%. Pan American Silver’s payout ratio is currently -86.96%.

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.