Whittier Trust Co. of Nevada Inc. Acquires 3,759 Shares of Pan American Silver Corp. (NYSE:PAAS)

Whittier Trust Co. of Nevada Inc. boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 507.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,500 shares of the basic materials company’s stock after acquiring an additional 3,759 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Pan American Silver were worth $116,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Pan American Silver in the fourth quarter worth about $91,916,000. Hsbc Holdings PLC raised its holdings in Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock worth $26,300,000 after buying an additional 1,135,839 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company’s stock worth $30,295,000 after buying an additional 784,906 shares during the last quarter. Man Group plc grew its stake in shares of Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company’s stock worth $19,160,000 after acquiring an additional 750,858 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Pan American Silver by 2,009.4% in the fourth quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company’s stock worth $13,175,000 after acquiring an additional 620,694 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.7%

Shares of NYSE PAAS opened at $28.43 on Friday. The firm’s 50-day simple moving average is $27.14 and its 200 day simple moving average is $25.19. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth ratio of 0.45 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $696.62 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. Pan American Silver’s revenue was up 28.6% compared to the same quarter last year. On average, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver’s payout ratio is 45.98%.

Analyst Ratings Changes

A number of research firms have recently commented on PAAS. TD Securities cut their price target on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, May 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a “market perform” rating for the company. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Pan American Silver Company 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.