The Manufacturers Life Insurance Company Has $36.30 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

The Manufacturers Life Insurance Company lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,829,052 shares of the basic materials company’s stock after acquiring an additional 27,372 shares during the period. The Manufacturers Life Insurance Company owned about 0.50% of Pan American Silver worth $36,300,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PAAS. Mark Sheptoff Financial Planning LLC grew its position in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares in the last quarter. Perritt Capital Management Inc. grew its holdings 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 buying an additional 1,000 shares in the last quarter. 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 worth $42,000 after acquiring an additional 510 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in Pan American Silver by 446.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 7,174 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.7 %

Pan American Silver stock opened at $20.87 on Tuesday. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $24.27. The company’s fifty day moving average price is $20.70 and its two-hundred day moving average price is $19.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -45.37 and a beta of 1.35.

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 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 company had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. During the same period in the prior year, the company posted $0.04 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Pan American Silver Corp. will post 0.61 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is -86.96%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target 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. Jefferies Financial Group lowered their price target on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Scotiabank increased their price objective 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. Finally, CIBC boosted their target price on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.64.

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.