Mitsubishi UFJ Trust & Banking Corp Has $978,000 Stock Position in Pan American Silver Corp. $PAAS

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 60.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,100 shares of the basic materials company’s stock after selling 29,800 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Pan American Silver were worth $978,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAAS. Van ECK Associates Corp lifted its holdings 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 worth $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Pan American Silver during the third quarter worth $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $560,149,000 after buying an additional 4,037,311 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. Finally, North of South Capital LLP lifted its holdings in shares of Pan American Silver by 444.2% during the third quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock worth $116,192,000 after buying an additional 2,448,778 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of PAAS stock opened at $50.54 on Wednesday. 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 $21.30 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.42 and a beta of 0.65. Pan American Silver Corp. has a twelve month low of $22.08 and a twelve month high of $69.99. The business has a fifty day simple moving average of $56.79 and a 200 day simple moving average of $51.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, sell-side analysts forecast that Pan American Silver Corp. will post 4.45 EPS for the current fiscal year.

Pan American Silver Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAAS. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Scotiabank increased their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Six investment 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.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $59.67.

Pan American Silver 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.