Pan American Silver Corp. $PAAS Shares Newly Purchased by General American Investors Co. Inc.

General American Investors Co. Inc. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 135,000 shares of the basic materials company’s stock, valued at approximately $6,144,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NFJ Investment Group LLC acquired a new position in shares of Pan American Silver in the second quarter valued at approximately $25,000. Fifth Third Bancorp boosted its position in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares during the last quarter. Danske Bank A S acquired a new stake in Pan American Silver during the second quarter worth approximately $30,000. Latitude Advisors LLC purchased a new stake in Pan American Silver in the 3rd quarter worth approximately $33,000. Finally, Paladin Partners LLC purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $40,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of recent analyst reports. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Royal Bank Of Canada reduced their target price on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Finally, Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Trading Up 1.6%

PAAS stock traded up $0.64 on Friday, hitting $41.22. 4,629,968 shares of the company were exchanged, compared to its average volume of 3,982,444. Pan American Silver Corp. has a twelve month low of $33.62 and a twelve month high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The business’s fifty day moving average is $45.90 and its two-hundred day moving average is $51.43. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 4.37 and a beta of 0.76.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. As a group, research analysts forecast that Pan American Silver Corp. will post 3.34 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be given a $0.1850 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.1840. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.74 annualized dividend and a dividend yield of 1.8%. Pan American Silver’s dividend payout ratio is 22.36%.

Pan American Silver Company Profile

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.