Sentry Investment Management LLC Has $3.45 Million Position in Pan American Silver Corp. (PAAS)

Sentry Investment Management LLC increased its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 29.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,913 shares of the basic materials company’s stock after acquiring an additional 53,124 shares during the period. Sentry Investment Management LLC owned about 0.15% of Pan American Silver worth $3,453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. raised its holdings in Pan American Silver by 1,000.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 55,000 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 50,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Pan American Silver by 25.2% during the second quarter. Russell Investments Group Ltd. now owns 152,687 shares of the basic materials company’s stock worth $2,699,000 after acquiring an additional 30,748 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in Pan American Silver by 0.9% during the second quarter. Tocqueville Asset Management L.P. now owns 4,724,126 shares of the basic materials company’s stock worth $84,562,000 after acquiring an additional 40,000 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Pan American Silver during the second quarter worth about $297,000. Finally, Schroder Investment Management Group raised its holdings in Pan American Silver by 27.3% during the second quarter. Schroder Investment Management Group now owns 222,803 shares of the basic materials company’s stock worth $3,912,000 after acquiring an additional 47,793 shares in the last quarter. Institutional investors and hedge funds own 49.23% of the company’s stock.

NASDAQ:PAAS opened at $14.04 on Friday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 6.73 and a beta of 0.21. Pan American Silver Corp. has a 12-month low of $13.91 and a 12-month high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). Pan American Silver had a net margin of 14.75% and a return on equity of 5.17%. The business had revenue of $187.70 million during the quarter, compared to the consensus estimate of $193.93 million. During the same quarter in the prior year, the company earned $0.15 EPS. Pan American Silver’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Pan American Silver Corp. will post 0.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 16th. Pan American Silver’s payout ratio is 27.45%.

PAAS has been the topic of several research analyst reports. TD Securities set a $23.00 price objective on Pan American Silver and gave the company a “buy” rating in a research note on Thursday, August 9th. ValuEngine upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Scotiabank lowered Pan American Silver from an “outperform” rating to a “sector perform” rating and set a $18.00 price objective on the stock. in a research note on Monday, July 16th. BidaskClub lowered Pan American Silver from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.33.

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About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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

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