waypoint wealth counsel Sells 25,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

waypoint wealth counsel lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 70.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,500 shares of the basic materials company’s stock after selling 25,000 shares during the quarter. waypoint wealth counsel’s holdings in Pan American Silver were worth $209,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares during the last quarter. Perritt Capital Management Inc. grew its position in shares of Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,000 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Pan American Silver by 455.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Pan American Silver in the 4th quarter worth $103,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

PAAS stock traded up $0.29 during trading hours on Friday, reaching $20.40. The stock had a trading volume of 3,183,038 shares, compared to its average volume of 4,284,205. The stock has a 50-day simple moving average of $21.03 and a 200 day simple moving average of $18.27. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $24.27. The stock has a market capitalization of $7.40 billion, a PE ratio of -44.35 and a beta of 1.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. During the same period in the previous year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Pan American Silver Corp. will post 0.68 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, August 19th. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PAAS shares. BMO Capital Markets upped their price objective on Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. CIBC boosted their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. StockNews.com upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Jefferies Financial Group increased their price objective on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. Finally, Scotiabank lifted their target price on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $24.42.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.