Pan American Silver Corp. $PAAS Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 60.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 40,000 shares of the basic materials company’s stock after buying an additional 15,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Pan American Silver in the 2nd quarter worth approximately $375,948,000. The Manufacturers Life Insurance Company acquired a new position in Pan American Silver in the 2nd quarter valued at $145,312,000. Canada Pension Plan Investment Board purchased a new position in shares of Pan American Silver during the 2nd quarter worth $138,282,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Pan American Silver during the 2nd quarter worth $130,636,000. Finally, Legal & General Group Plc purchased a new position in shares of Pan American Silver during the 2nd quarter worth $106,698,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $41.68 on Wednesday. Pan American Silver Corp. has a 52-week low of $33.08 and a 52-week high of $69.99. The firm has a fifty day moving average of $47.83 and a 200-day moving average of $52.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 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 analyst estimates of $1.16 billion. The firm’s revenue was up 38.4% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, analysts anticipate that Pan American Silver Corp. will post 3.34 EPS 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 dividend of C$0.18 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.8%. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAAS shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Royal Bank Of Canada dropped their target price on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Bank of America decreased their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings raised Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver 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.