Vanguard Group Inc. boosted its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 8.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,956,784 shares of the basic materials company’s stock after acquiring an additional 217,811 shares during the quarter. Vanguard Group Inc. owned 1.93% of Pan American Silver Corp. worth $49,734,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Pan American Silver Corp. by 59.6% during the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock worth $298,955,000 after purchasing an additional 6,640,625 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Pan American Silver Corp. during the 2nd quarter valued at about $120,085,000. AJO LP acquired a new position in shares of Pan American Silver Corp. during the 2nd quarter valued at about $12,239,000. Capital Fund Management S.A. boosted its position in shares of Pan American Silver Corp. by 116.9% during the 2nd quarter. Capital Fund Management S.A. now owns 413,705 shares of the basic materials company’s stock valued at $6,959,000 after acquiring an additional 223,004 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Pan American Silver Corp. during the 2nd quarter valued at about $170,000. 53.67% of the stock is currently owned by hedge funds and other institutional investors.
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PAAS has been the topic of several research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $23.00 price objective on shares of Pan American Silver Corp. in a report on Friday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. BidaskClub lowered shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. lowered shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price on the stock. in a research note on Friday, September 8th. Finally, UBS AG downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.90.
Shares of Pan American Silver Corp. (NASDAQ PAAS) opened at $14.61 on Tuesday. The stock has a market capitalization of $2,239.44, a PE ratio of 30.46, a price-to-earnings-growth ratio of 7.38 and a beta of 0.15. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.29.
Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. Pan American Silver Corp. had a return on equity of 5.12% and a net margin of 12.23%. The company’s revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. research analysts anticipate that Pan American Silver Corp. will post 0.5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.68%. Pan American Silver Corp.’s payout ratio is currently 16.39%.
Pan American Silver Corp. Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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