Pan American Silver Corp. $PAAS Holdings Cut by U S Global Investors Inc.

U S Global Investors Inc. decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 49.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,555 shares of the basic materials company’s stock after selling 88,000 shares during the quarter. U S Global Investors Inc.’s holdings in Pan American Silver were worth $4,030,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Sawyer & Company Inc bought a new position in shares of Pan American Silver during the third quarter valued at $46,000. Uncommon Cents Investing Inc boosted its stake in Pan American Silver by 25.7% in the 3rd quarter. Uncommon Cents Investing Inc now owns 8,075 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 1,650 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Pan American Silver by 1.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 557,233 shares of the basic materials company’s stock worth $25,049,000 after purchasing an additional 7,997 shares in the last quarter. Global Strategic Management Inc. grew its position in Pan American Silver by 8.7% during the 3rd quarter. Global Strategic Management Inc. now owns 150,947 shares of the basic materials company’s stock valued at $6,862,000 after purchasing an additional 12,110 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Pan American Silver in the third quarter worth approximately $1,592,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock opened at $41.12 on Friday. The stock’s 50-day moving average is $48.32 and its 200 day moving average is $49.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a 1-year low of $33.08 and a 1-year high of $69.99. The company has a market cap of $17.01 billion, a P/E ratio of 12.42, a PEG ratio of 4.88 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. Research analysts predict that Pan American Silver Corp. will post 3.35 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of C$0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, August 24th. Pan American Silver’s payout ratio is presently 22.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group reduced their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday, July 6th. Weiss Ratings raised Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Finally, Bank of America cut their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.

About Pan American Silver

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.