Builder Investment Group Inc. ADV Decreases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Builder Investment Group Inc. ADV trimmed its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,374 shares of the basic materials company’s stock after selling 1,000 shares during the period. Pan American Silver makes up approximately 1.4% of Builder Investment Group Inc. ADV’s holdings, making the stock its 16th biggest holding. Builder Investment Group Inc. ADV owned 0.07% of Pan American Silver worth $5,371,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAAS. Mark Sheptoff Financial Planning LLC grew its position in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares during the period. CWM LLC grew 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 purchasing an additional 510 shares in the last quarter. Perritt Capital Management Inc. increased its holdings in shares of Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 774 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PAAS. CIBC upped their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Scotiabank boosted their target price on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada raised their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

Pan American Silver Trading Up 1.7 %

Shares of NYSE PAAS opened at $24.83 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $25.73. The company has a market cap of $9.01 billion, a PE ratio of -53.98 and a beta of 1.35. The company has a 50-day moving average of $20.93 and a two-hundred day moving average of $20.64.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released 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 positive return on equity of 0.66% and a negative net margin of 5.54%. The firm had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same quarter last year, the company posted $0.04 EPS. Pan American Silver’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 0.64 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. Pan American Silver’s dividend payout ratio is currently -86.96%.

Pan American Silver Profile

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.