VectorGlobal IAG Inc. Acquires New Stake in Pan American Silver Corp. $PAAS

VectorGlobal IAG Inc. acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,047 shares of the basic materials company’s stock, valued at approximately $658,000.

Several other institutional investors have also recently added to or reduced their stakes in PAAS. AQR Capital Management LLC lifted its holdings in Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after buying an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Pan American Silver in the first quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $43.08 on Monday. The business’s fifty day moving average price is $46.98 and its 200 day moving average price is $53.79. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $17.97 billion, a P/E ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly 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. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts anticipate that Pan American Silver Corp. will post 4.15 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. Pan American Silver’s payout ratio is presently 23.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on PAAS shares. Zacks Research lowered shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Jefferies Financial Group reduced 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. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, May 11th. Finally, TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

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.