TD Asset Management Inc Acquires 274,591 Shares of Pan American Silver Corp. $PAAS

TD Asset Management Inc increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,251,564 shares of the basic materials company’s stock after acquiring an additional 274,591 shares during the quarter. TD Asset Management Inc owned about 0.53% of Pan American Silver worth $87,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Pan American Silver during the third quarter valued at approximately $36,000. City State Bank grew its stake in shares of Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares in the last quarter. Assetmark Inc. raised its stake in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.7%

Shares of PAAS stock opened at $64.26 on Thursday. The stock has a market capitalization of $27.11 billion, a P/E ratio of 25.70, a P/E/G ratio of 0.62 and a beta of 0.66. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $56.97 and its 200 day moving average is $44.57. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. Research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is currently 22.40%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank raised their price target on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Bank of America raised their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group cut their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

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.