Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its holdings in Pan American Silver Corp. (NYSE:PAAS – Get Rating) (TSE:PAAS) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,691 shares of the basic materials company’s stock after acquiring an additional 26,649 shares during the quarter. LPL Financial LLC’s holdings in Pan American Silver were worth $1,874,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Captrust Financial Advisors increased its stake in Pan American Silver by 1,220.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,220 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter valued at $38,000. Focused Wealth Management Inc acquired a new position in Pan American Silver in the 4th quarter valued at $39,000. IFP Advisors Inc increased its stake in Pan American Silver by 94.3% in the 3rd quarter. IFP Advisors Inc now owns 2,720 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,320 shares during the period. Finally, FMR LLC increased its stake in Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,347 shares during the period. 44.11% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $15.82 on Wednesday. Pan American Silver Corp. has a 52 week low of $13.40 and a 52 week high of $24.21. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $17.68 and its 200 day simple moving average is $16.97. The firm has a market capitalization of $3.33 billion, a PE ratio of -8.28 and a beta of 1.21.

Pan American Silver (NYSE:PAAS – Get Rating) (TSE:PAAS) last released its quarterly earnings data on Thursday, February 23rd. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Pan American Silver had a positive return on equity of 0.74% and a negative net margin of 22.82%. The business had revenue of $375.43 million during the quarter, compared to analysts’ expectations of $409.65 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Pan American Silver’s quarterly revenue was down 11.1% on a year-over-year basis. On average, equities research analysts predict that Pan American Silver Corp. will post 0.54 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Friday, May 12th. Investors of record on Friday, April 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 13th. This represents a dividend yield of 2.2%. Pan American Silver’s dividend payout ratio is presently -27.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Scotiabank assumed coverage on shares of Pan American Silver in a research note on Monday, April 3rd. They set an “outperform” rating on the stock. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Pan American Silver in a research note on Tuesday, February 28th. Finally, TD Securities lowered their price target on shares of Pan American Silver from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $25.50.

Pan American Silver Company Profile

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Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John H. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.