Global Strategic Management Inc. Purchases 12,110 Shares of Pan American Silver Corp. $PAAS

Global Strategic Management Inc. lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,947 shares of the basic materials company’s stock after acquiring an additional 12,110 shares during the quarter. Pan American Silver makes up approximately 4.6% of Global Strategic Management Inc.’s portfolio, making the stock its 9th largest position. Global Strategic Management Inc.’s holdings in Pan American Silver were worth $6,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PAAS. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $1,592,000. V Square Quantitative Management LLC purchased a new position in shares of Pan American Silver in the 3rd quarter worth approximately $256,000. Ninety One UK Ltd grew its holdings in shares of Pan American Silver by 21.5% in the third quarter. Ninety One UK Ltd now owns 2,727,961 shares of the basic materials company’s stock valued at $124,150,000 after acquiring an additional 481,873 shares in the last quarter. Andra AP fonden grew its holdings in shares of Pan American Silver by 33.9% in the second quarter. Andra AP fonden now owns 252,245 shares of the basic materials company’s stock valued at $11,298,000 after acquiring an additional 63,800 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Pan American Silver by 5.6% in the second quarter. Sequoia Financial Advisors LLC now owns 10,997 shares of the basic materials company’s stock valued at $493,000 after acquiring an additional 585 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Up 3.5%

Pan American Silver stock opened at $43.82 on Friday. 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 capitalization of $18.13 billion, a P/E ratio of 13.24, a P/E/G ratio of 4.17 and a beta of 0.75. The firm has a 50 day moving average price of $49.07 and a 200-day moving average price of $50.20. Pan American Silver Corp. has a twelve month low of $33.08 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results 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 firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. As a group, equities analysts predict that Pan American Silver Corp. will post 3.80 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were issued a C$0.18 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.7%. Pan American Silver’s payout ratio is 22.36%.

Analyst Ratings Changes

PAAS has been the subject of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Bank of America decreased their target price on 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.71.

About Pan American Silver

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.