Vanguard Group Inc. Grows Position in Pan American Silver Corp. $PAAS

Vanguard Group Inc. grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,465,779 shares of the basic materials company’s stock after purchasing an additional 274,168 shares during the quarter. Vanguard Group Inc.’s holdings in Pan American Silver were worth $905,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of Pan American Silver by 51.8% during the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after purchasing an additional 15,405,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Pan American Silver by 38.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after purchasing an additional 4,037,311 shares during the period. Invesco Ltd. boosted its stake in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after purchasing an additional 882,135 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of Pan American Silver during the third quarter valued at approximately $178,004,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Pan American Silver by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock valued at $114,747,000 after purchasing an additional 226,933 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $51.80 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The company has a market cap of $21.83 billion, a PE ratio of 20.72, a P/E/G ratio of 0.43 and a beta of 0.65. The business has a 50 day moving average of $57.08 and a 200 day moving average of $51.29. Pan American Silver Corp. has a 52 week low of $22.08 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. As a group, equities research analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio is currently 28.80%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PAAS shares. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Scotiabank upped their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group decreased their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $59.67.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.