13,000 Shares in Pan American Silver Corp. $PAAS Purchased by Spark Investment Management LLC

Spark Investment Management LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,000 shares of the basic materials company’s stock, valued at approximately $582,000. Pan American Silver accounts for 1.1% of Spark Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds also recently made changes to their positions in the company. NFJ Investment Group LLC purchased a new position in Pan American Silver during the second quarter valued at $25,000. Parallel Advisors LLC increased its stake in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp lifted its position in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Danske Bank A S bought a new stake in Pan American Silver during the second quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Pan American Silver in the fourth quarter worth about $34,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

PAAS traded down $0.27 during midday trading on Tuesday, reaching $51.07. The company had a trading volume of 3,193,277 shares, compared to its average volume of 6,217,932. The business has a 50-day moving average of $47.33 and a two-hundred day moving average of $52.39. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1 year low of $33.08 and a 1 year high of $69.99. The company has a market cap of $21.21 billion, a P/E ratio of 15.43, a P/E/G ratio of 5.05 and a beta of 0.77.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. As a group, equities research analysts predict that Pan American Silver Corp. will post 3.81 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a $0.184 dividend. The ex-dividend date was Monday, August 24th. 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%. Pan American Silver’s dividend payout ratio (DPR) is currently 22.05%.

Analyst Ratings Changes

A number of analysts have recently commented on PAAS shares. Bank of America dropped their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

About Pan American Silver

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.