Private Advisor Group LLC Acquires 15,603 Shares of Pan American Silver Corp. (PAAS)

Private Advisor Group LLC raised its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 70.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,743 shares of the basic materials company’s stock after acquiring an additional 15,603 shares during the quarter. Private Advisor Group LLC’s holdings in Pan American Silver were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PAAS. First Manhattan Co. grew its holdings in shares of Pan American Silver by 0.6% during the second quarter. First Manhattan Co. now owns 531,365 shares of the basic materials company’s stock worth $9,511,000 after buying an additional 3,250 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Pan American Silver by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 753,267 shares of the basic materials company’s stock worth $13,483,000 after buying an additional 3,296 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Pan American Silver by 22.7% during the second quarter. Sigma Planning Corp now owns 18,168 shares of the basic materials company’s stock worth $325,000 after buying an additional 3,367 shares in the last quarter. Fiera Capital Corp grew its holdings in shares of Pan American Silver by 26.7% during the second quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock worth $341,000 after buying an additional 4,000 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Pan American Silver by 4.5% during the third quarter. Aperio Group LLC now owns 175,585 shares of the basic materials company’s stock worth $2,592,000 after buying an additional 7,576 shares in the last quarter. Hedge funds and other institutional investors own 50.72% of the company’s stock.

A number of equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Pan American Silver from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 31st. ValuEngine upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. TD Securities set a $23.00 price target on shares of Pan American Silver and gave the stock a “buy” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Deutsche Bank set a $18.00 price target on shares of Pan American Silver and gave the stock a “hold” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.09.

Pan American Silver stock opened at $13.18 on Friday. Pan American Silver Corp. has a 1 year low of $12.12 and a 1 year high of $18.75. The company has a market capitalization of $2.11 billion, a P/E ratio of 25.84, a P/E/G ratio of 6.83 and a beta of 0.21.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Pan American Silver had a net margin of 14.75% and a return on equity of 5.15%. The company had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $193.93 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Pan American Silver’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Pan American Silver Corp. will post 0.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Monday, November 19th will be issued a $0.035 dividend. The ex-dividend date is Friday, November 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.06%. Pan American Silver’s payout ratio is 27.45%.

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About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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