Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC grew its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,491 shares of the basic materials company’s stock after purchasing an additional 45,900 shares during the quarter. Goehring & Rozencwajg Associates LLC owned approximately 0.07% of Pan American Silver worth $5,298,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. CWM LLC lifted its stake in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares during the period. Signaturefd LLC lifted its stake in shares of Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after buying an additional 774 shares during the period. Perritt Capital Management Inc. lifted its stake in shares of Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,000 shares during the period. Franklin Resources Inc. lifted its stake in shares of Pan American Silver by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after buying an additional 1,169 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Pan American Silver by 2.9% during the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after buying an additional 1,336 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAAS. Scotiabank upped their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. Royal Bank of Canada increased their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. CIBC increased their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Jefferies Financial Group cut their price target on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.64.

Pan American Silver Price Performance

Pan American Silver stock opened at $20.43 on Thursday. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $24.27. The firm has a fifty day moving average of $21.04 and a 200-day moving average of $19.45. The firm has a market capitalization of $7.42 billion, a P/E ratio of -44.41 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. During the same period in the previous year, the company earned $0.04 EPS. Pan American Silver’s revenue was up 7.3% on a year-over-year basis. As a group, analysts predict that Pan American Silver Corp. will post 0.59 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is currently -86.96%.

Pan American Silver Profile

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.