Pan American Silver Corp. $PAAS Holdings Increased by Ninety One UK Ltd

Ninety One UK Ltd raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.5% during the third quarter, HoldingsChannel reports. The firm owned 2,727,961 shares of the basic materials company’s stock after purchasing an additional 481,873 shares during the period. Ninety One UK Ltd’s holdings in Pan American Silver were worth $124,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Andra AP fonden boosted its stake in Pan American Silver by 33.9% during the second quarter. Andra AP fonden now owns 252,245 shares of the basic materials company’s stock worth $11,298,000 after buying an additional 63,800 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Pan American Silver by 5.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,997 shares of the basic materials company’s stock worth $493,000 after acquiring an additional 585 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Pan American Silver by 34.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 16,199 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,136 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Pan American Silver by 871.7% during the 2nd quarter. NewEdge Advisors LLC now owns 229,888 shares of the basic materials company’s stock worth $10,297,000 after acquiring an additional 206,230 shares during the period. Finally, Spark Investment Management LLC purchased a new position in shares of Pan American Silver during the 2nd quarter worth $582,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.9%

PAAS traded up $0.80 during trading hours on Thursday, reaching $43.13. The company’s stock had a trading volume of 2,077,071 shares, compared to its average volume of 5,800,728. The stock has a market cap of $17.85 billion, a PE ratio of 13.01, a P/E/G ratio of 4.38 and a beta of 0.75. Pan American Silver Corp. has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The business’s 50-day moving average is $49.15 and its 200-day moving average is $50.26.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $0.43 EPS. Pan American Silver’s revenue was up 38.4% compared to the same quarter last year. As a group, equities research analysts predict that Pan American Silver Corp. will post 3.80 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a C$0.18 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of C$0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.7%. Pan American Silver’s dividend payout ratio is currently 22.05%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PAAS. Weiss Ratings raised shares of Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Jefferies Financial Group cut their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Bank of America reduced their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada decreased their target price on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $67.71.

Pan American Silver Company Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.