Mark Sheptoff Financial Planning LLC Has $33,000 Holdings in Pan American Silver Corp. (NYSE:PAAS)

Mark Sheptoff Financial Planning LLC grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 943.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,659 shares of the basic materials company’s stock after buying an additional 1,500 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Pan American Silver were worth $33,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SCP Investment LP acquired a new position in shares of Pan American Silver in the 4th quarter worth approximately $307,000. BNP Paribas Financial Markets raised its position in Pan American Silver by 97.7% in the 4th quarter. BNP Paribas Financial Markets now owns 146,950 shares of the basic materials company’s stock valued at $2,400,000 after purchasing an additional 72,607 shares during the last quarter. Jump Financial LLC bought a new position in Pan American Silver in the 4th quarter valued at $235,000. Dimensional Fund Advisors LP boosted its stake in Pan American Silver by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,139,812 shares of the basic materials company’s stock worth $34,944,000 after purchasing an additional 111,089 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Pan American Silver by 20.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 13,776 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 2,293 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $20.43 on Thursday. The company has a market cap of $7.42 billion, a PE ratio of -44.41 and a beta of 1.35. 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 1 year low of $12.16 and a 1 year high of $24.27. The company’s 50-day moving average is $21.04 and its two-hundred day moving average is $19.45.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $696.08 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently declared 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 1.96%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is currently -86.96%.

Analyst Ratings Changes

A number of research firms recently issued reports on PAAS. Jefferies Financial Group cut their price target on Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, September 13th. 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 note on Tuesday, September 10th. CIBC increased their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Scotiabank boosted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $24.64.

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.