Sanctuary Advisors LLC Purchases Shares of 16,283 Pan American Silver Corp. $PAAS

Sanctuary Advisors LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,283 shares of the basic materials company’s stock, valued at approximately $729,000.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after purchasing an additional 360,283 shares in the last quarter. Empowered Funds LLC purchased a new position in Pan American Silver during the first quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the period. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Trading Down 3.4%

Shares of PAAS opened at $53.00 on Friday. 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 $32.95 and a 1 year high of $69.99. The company has a 50 day simple moving average of $46.65 and a two-hundred day simple moving average of $52.70. The firm has a market cap of $22.10 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 5.12 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 38.4% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 4.02 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a $0.184 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is presently 22.36%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.