Sanctuary Advisors LLC Purchases New Position in Pan American Silver Corp. $PAAS

Sanctuary Advisors LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 16,283 shares of the basic materials company’s stock, valued at approximately $729,000.

A number of other large investors have also added to or reduced their stakes in PAAS. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after acquiring an additional 274,168 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after purchasing an additional 882,135 shares in the last quarter. BlackRock Inc. bought a new stake in Pan American Silver in the second quarter worth $375,948,000. FIL Ltd increased its position in Pan American Silver by 154.7% in the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares during the last quarter. Finally, Norges Bank purchased a new stake in Pan American Silver during the fourth quarter valued at $303,611,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 3.4%

NYSE PAAS opened at $53.00 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 52 week low of $32.95 and a 52 week high of $69.99. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 5.12 and a beta of 0.73. The company has a fifty day moving average of $46.65 and a two-hundred day moving average of $52.70.

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 for the quarter, missing the consensus estimate of $0.84 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company’s revenue was up 38.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts predict that Pan American Silver Corp. will post 4.02 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is currently 22.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on PAAS. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. 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 report on Monday, May 11th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Bank of America dropped their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Profile

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.