Loews Corp held its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,486 shares of the basic materials company’s stock at the close of the 2nd quarter. Loews Corp’s holdings in Pan American Silver Corp. were worth $227,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Legal & General Group Plc boosted its holdings in Pan American Silver Corp. by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after acquiring an additional 990 shares during the last quarter. WFG Advisors LP boosted its holdings in Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock valued at $283,000 after acquiring an additional 1,020 shares during the last quarter. Blair William & Co. IL boosted its holdings in Pan American Silver Corp. by 1.7% in the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 1,208 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Pan American Silver Corp. by 5.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 46,889 shares of the basic materials company’s stock valued at $794,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 2,422 shares during the last quarter. Institutional investors own 53.91% of the company’s stock.

Pan American Silver Corp. (NASDAQ PAAS) traded down 0.67% during trading on Friday, reaching $17.76. The company’s stock had a trading volume of 1,930,406 shares. The firm has a 50 day moving average price of $17.68 and a 200-day moving average price of $17.23. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 22.71 and a beta of 0.23.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The firm had revenue of $201.30 million for the quarter, compared to analyst estimates of $184.96 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post $0.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were given a $0.025 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 12.82%.

Several equities analysts recently issued reports on the company. Raymond James Financial, Inc. cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target on the stock. in a report on Friday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a report on Thursday, September 7th. UBS AG cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 price target on shares of Pan American Silver Corp. in a report on Thursday, September 7th. Finally, BidaskClub upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.10.

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Pan American Silver Corp. Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

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