Builder Investment Group Inc. ADV Lowers Position in Pan American Silver Corp. (NYSE:PAAS)

Builder Investment Group Inc. ADV reduced its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 257,374 shares of the basic materials company’s stock after selling 1,000 shares during the period. Pan American Silver comprises about 1.4% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 16th biggest position. Builder Investment Group Inc. ADV’s holdings in Pan American Silver were worth $5,371,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock valued at $701,016,000 after acquiring an additional 653,064 shares in the last quarter. Vanguard Group Inc. boosted its stake in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after buying an additional 159,908 shares during the period. Tidal Investments LLC lifted its position in shares of Pan American Silver by 15,618.3% during the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after buying an additional 1,056,981 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of Pan American Silver by 22.1% in the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock worth $43,440,000 after acquiring an additional 395,589 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 1.7 %

PAAS stock opened at $24.83 on Tuesday. The company’s 50 day simple moving average is $20.93 and its 200-day simple moving average is $20.64. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $25.73. The firm has a market capitalization of $9.01 billion, a P/E ratio of -53.98 and a beta of 1.35. 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 announced 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 company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 0.64 EPS for the current 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s payout ratio is presently -86.96%.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of recent research reports. Scotiabank lifted their price objective on 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. Royal Bank of Canada lifted their target price on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. CIBC upped their price objective on Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

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.