Pan American Silver Corp. (PAAS) Holdings Increased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its holdings in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,765 shares of the basic materials company’s stock after buying an additional 3,265 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Pan American Silver were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Pan American Silver by 25.0% in the third quarter. Dimensional Fund Advisors LP now owns 941,742 shares of the basic materials company’s stock worth $13,900,000 after acquiring an additional 188,475 shares during the period. JPMorgan Chase & Co. raised its position in Pan American Silver by 465.8% in the third quarter. JPMorgan Chase & Co. now owns 200,163 shares of the basic materials company’s stock worth $2,955,000 after acquiring an additional 164,783 shares during the period. Man Group plc bought a new position in Pan American Silver in the third quarter worth approximately $646,000. Vanguard Group Inc. raised its position in Pan American Silver by 4.0% in the third quarter. Vanguard Group Inc. now owns 3,615,559 shares of the basic materials company’s stock worth $53,366,000 after acquiring an additional 137,450 shares during the period. Finally, Vanguard Group Inc raised its position in Pan American Silver by 4.0% in the third quarter. Vanguard Group Inc now owns 3,615,559 shares of the basic materials company’s stock worth $53,366,000 after acquiring an additional 137,450 shares during the period. Institutional investors own 55.92% of the company’s stock.

PAAS has been the topic of several recent research reports. B. Riley reiterated a “neutral” rating and issued a $12.50 price target (down from $22.00) on shares of Pan American Silver in a research report on Friday, March 1st. National Bank Financial initiated coverage on shares of Pan American Silver in a research report on Tuesday, March 26th. They issued a “sector perform” rating on the stock. BidaskClub upgraded shares of Pan American Silver from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. TheStreet downgraded shares of Pan American Silver from a “b-” rating to a “c” rating in a research report on Friday, February 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $21.00 price target on shares of Pan American Silver in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Pan American Silver currently has a consensus rating of “Hold” and a consensus price target of $16.97.

Shares of PAAS stock opened at $10.84 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 27.79, a PEG ratio of 11.76 and a beta of -0.15. Pan American Silver Corp. has a one year low of $10.72 and a one year high of $18.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.74 and a current ratio of 3.83.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $240.67 million. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 0.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.14 annualized dividend and a dividend yield of 1.29%. Pan American Silver’s payout ratio is 35.90%.

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Pan American Silver Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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

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