UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Pan American Silver Corp. $PAAS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 17.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 191,406 shares of the basic materials company’s stock after buying an additional 28,720 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pan American Silver were worth $8,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAAS. BlackRock Inc. acquired a new position in shares of Pan American Silver during the second quarter worth $375,948,000. Swiss Life Asset Management Ltd boosted its position in shares of Pan American Silver by 46.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock worth $3,051,000 after purchasing an additional 18,791 shares in the last quarter. Royal Palms Capital LLC acquired a new stake in shares of Pan American Silver in the 4th quarter worth $2,170,000. Edmond DE Rothschild Holding S.A. purchased a new position in Pan American Silver during the 2nd quarter worth $2,347,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Pan American Silver during the 4th quarter worth $1,341,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $51.31 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The stock has a 50-day moving average of $47.33 and a two-hundred day moving average of $52.39. The stock has a market cap of $21.30 billion, a P/E ratio of 15.50, a P/E/G ratio of 5.05 and a beta of 0.77. Pan American Silver Corp. has a one year low of $33.08 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, research analysts predict that Pan American Silver Corp. will post 3.81 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were issued a $0.184 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.4%. Pan American Silver’s dividend payout ratio is currently 22.36%.

Analysts Set New Price Targets

A number of research firms have commented on PAAS. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Jefferies Financial Group dropped their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $70.43.

About Pan American Silver

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.