Capital International Investors Purchases New Holdings in Pan American Silver Corp. $PAAS

Capital International Investors purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,159,115 shares of the basic materials company’s stock, valued at approximately $215,484,000.

Several other institutional investors have also made changes to their positions in the stock. Veracity Capital LLC boosted its stake in shares of Pan American Silver by 1.9% in the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after buying an additional 185 shares during the period. Linden Thomas Advisory Services LLC raised its position in Pan American Silver by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 262 shares in the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of Pan American Silver by 0.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after purchasing an additional 318 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Pan American Silver by 7.9% in the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 331 shares during the last quarter. Finally, Alta Wealth Advisors LLC increased its stake in shares of Pan American Silver by 4.7% in the 4th quarter. Alta Wealth Advisors LLC now owns 8,351 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 375 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. 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 research note on Tuesday, May 12th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, TD Securities upgraded 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Performance

NYSE PAAS opened at $47.20 on Tuesday. The firm’s fifty day moving average price is $55.58 and its two-hundred day moving average price is $54.69. The stock has a market cap of $19.89 billion, a PE ratio of 15.18, a PEG ratio of 0.37 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio is presently 23.15%.

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.