Cetera Investment Advisers Grows Holdings in Pan American Silver Corp. $PAAS

Cetera Investment Advisers grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 248,619 shares of the basic materials company’s stock after buying an additional 18,939 shares during the period. Cetera Investment Advisers’ holdings in Pan American Silver were worth $7,061,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC purchased a new position in Pan American Silver in the second quarter worth $51,000. Kiker Wealth Management LLC lifted its stake in Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 600 shares during the last quarter. CWM LLC lifted its stake in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 38.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Pan American Silver during the 2nd quarter valued at about $108,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

NYSE:PAAS opened at $36.72 on Friday. The firm has a market cap of $15.50 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $42.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The business has a 50 day moving average price of $37.37 and a 200-day moving average price of $31.98.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 24th will be given a $0.14 dividend. The ex-dividend date is Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Pan American Silver’s dividend payout ratio is presently 32.37%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of research reports. Scotiabank raised their price objective on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. CIBC upped their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Finally, Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.25.

About Pan American Silver

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.