Van ECK Associates Corp raised its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 59.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,773,808 shares of the basic materials company’s stock after buying an additional 6,640,625 shares during the quarter. Pan American Silver Corp. comprises 1.6% of Van ECK Associates Corp’s portfolio, making the stock its 10th largest holding. Van ECK Associates Corp owned approximately 11.61% of Pan American Silver Corp. worth $298,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. BT Investment Management Ltd purchased a new position in Pan American Silver Corp. during the 2nd quarter valued at about $120,085,000. AJO LP purchased a new position in Pan American Silver Corp. during the 2nd quarter valued at about $12,239,000. Capital Fund Management S.A. grew its holdings in Pan American Silver Corp. by 116.9% during the 2nd quarter. Capital Fund Management S.A. now owns 413,705 shares of the basic materials company’s stock valued at $6,959,000 after buying an additional 223,004 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Pan American Silver Corp. during the 2nd quarter valued at about $170,000. Finally, Private Advisor Group LLC grew its holdings in Pan American Silver Corp. by 58.9% during the 2nd quarter. Private Advisor Group LLC now owns 21,080 shares of the basic materials company’s stock valued at $338,000 after buying an additional 7,812 shares in the last quarter. 53.88% of the stock is owned by institutional investors and hedge funds.

Shares of Pan American Silver Corp. (PAAS) traded up 0.028% during mid-day trading on Tuesday, reaching $17.595. The company’s stock had a trading volume of 567,201 shares. The company’s 50-day moving average price is $17.70 and its 200-day moving average price is $17.23. The stock has a market capitalization of $2.69 billion, a P/E ratio of 22.500 and a beta of 0.23. Pan American Silver Corp. has a 12-month low of $13.80 and a 12-month high of $21.29.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio (DPR) is presently 12.82%.

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A number of research analysts have weighed in on the company. Zacks Investment Research lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 target price on shares of Pan American Silver Corp. in a report on Thursday, September 7th. BidaskClub lowered Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet lowered Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada set a $22.00 price objective on Pan American Silver Corp. and gave the stock a “buy” rating in a report on Thursday, August 10th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $21.10.

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.

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

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