Integrated Quantitative Investments LLC Invests $804,000 in Pan American Silver Corp. $PAAS

Integrated Quantitative Investments LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 28,303 shares of the basic materials company’s stock, valued at approximately $804,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Pan American Silver by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock worth $365,397,000 after buying an additional 138,028 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pan American Silver by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock worth $233,225,000 after acquiring an additional 959,859 shares during the period. Invesco Ltd. lifted its position in Pan American Silver by 2.1% during the first quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company’s stock valued at $155,750,000 after purchasing an additional 121,764 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Pan American Silver by 319.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock worth $115,009,000 after purchasing an additional 3,389,549 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Pan American Silver by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock worth $98,510,000 after purchasing an additional 665,502 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $38.53 on Monday. The company has a market capitalization of $16.26 billion, a P/E ratio of 26.57, a P/E/G ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a 1-year low of $19.80 and a 1-year high of $42.57. The firm’s 50 day simple moving average is $37.23 and its two-hundred day simple moving average is $31.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. During the same period in the prior year, the business earned $0.32 earnings per share. Pan American Silver’s revenue was up 19.3% compared to the same quarter last year. Research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be paid a dividend of $0.14 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.5%. Pan American Silver’s dividend payout ratio is 32.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAAS shares. CIBC raised their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, November 11th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, Scotiabank raised their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver 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.