Toronto Dominion Bank Has $2.36 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Toronto Dominion Bank cut its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 118,671 shares of the basic materials company’s stock after selling 1,045 shares during the quarter. Toronto Dominion Bank’s holdings in Pan American Silver were worth $2,359,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PAAS. CWM LLC increased its position in shares of Pan American Silver by 31.6% during the second 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. Signaturefd LLC increased its holdings in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 774 shares in the last quarter. Perritt Capital Management Inc. raised its stake in shares of Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Franklin Resources Inc. raised its stake in shares of Pan American Silver by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 1,169 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Pan American Silver by 2.9% in the first 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 in the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on PAAS. Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group reduced their target price on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, September 13th. CIBC lifted 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 increased 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 note on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.64.

Pan American Silver Trading Down 4.0 %

Pan American Silver stock opened at $21.45 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The stock has a 50-day simple moving average of $20.74 and a 200 day simple moving average of $19.88. The stock has a market capitalization of $7.79 billion, a P/E ratio of -46.63 and a beta of 1.35. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Pan American Silver Corp. will post 0.61 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s payout ratio is -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.