Pan American Silver Corp. (NYSE:PAAS) Stock Position Raised by Cheviot Value Management LLC

Cheviot Value Management LLC lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,511 shares of the basic materials company’s stock after buying an additional 3,695 shares during the period. Pan American Silver accounts for approximately 0.8% of Cheviot Value Management LLC’s holdings, making the stock its 27th biggest position. Cheviot Value Management LLC owned 0.06% of Pan American Silver worth $4,046,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. CWM LLC boosted its stake in Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. Signaturefd LLC boosted its stake in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares during the period. Perritt Capital Management Inc. boosted its stake in Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Franklin Resources Inc. boosted its stake in Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 1,169 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 1,336 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.9 %

PAAS stock opened at $20.94 on Tuesday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $24.27. The firm has a market cap of $7.60 billion, a PE ratio of -45.51 and a beta of 1.35. The firm has a 50 day simple moving average of $20.84 and a 200 day simple moving average of $19.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

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

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.91%. Pan American Silver’s dividend payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PAAS shares. Scotiabank upped their price target on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Royal Bank of Canada upped 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. Finally, CIBC upped 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.64.

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.