Fund Advisors of America Inc FL Acquires New Holdings in Pan American Silver Corp. $PAAS

Fund Advisors of America Inc FL bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, Holdings Channel.com reports. The institutional investor bought 11,839 shares of the basic materials company’s stock, valued at approximately $530,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Pan American Silver by 46.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock valued at $3,051,000 after acquiring an additional 18,791 shares during the period. Royal Palms Capital LLC acquired a new stake in Pan American Silver in the 4th quarter worth $2,170,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Pan American Silver during the fourth quarter worth about $1,341,000. Finally, Delta Investment Management LLC bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $2,834,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Up 2.3%

Shares of NYSE PAAS opened at $53.11 on Friday. Pan American Silver Corp. has a 12-month low of $31.60 and a 12-month high of $69.99. The firm’s 50-day simple moving average is $46.31 and its 200 day simple moving average is $52.75. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The company has a market cap of $22.15 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 4.82 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s revenue was up 38.4% compared to the same quarter last year. On average, research analysts expect that Pan American Silver Corp. will post 4.03 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a $0.184 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 24th. Pan American Silver’s dividend payout ratio (DPR) is 21.75%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several recent research reports. Bank of America dropped their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.