OMERS ADMINISTRATION Corp Buys Shares of 109,141 Pan American Silver Corp. $PAAS

OMERS ADMINISTRATION Corp bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 109,141 shares of the basic materials company’s stock, valued at approximately $4,891,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. NFJ Investment Group LLC purchased a new stake in Pan American Silver in the second quarter worth $25,000. Parallel Advisors LLC increased its stake in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver during the fourth quarter worth $34,000. Finally, Danske Bank A S bought a new stake in shares of Pan American Silver during the second quarter worth $30,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock opened at $53.58 on Tuesday. Pan American Silver Corp. has a twelve month low of $32.32 and a twelve month high of $69.99. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 4.90 and a beta of 0.73. The stock has a fifty day simple moving average of $46.37 and a two-hundred day simple moving average of $52.72. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. On average, analysts predict that Pan American Silver Corp. will post 4.06 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio (DPR) is currently 21.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAAS. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, May 11th. Jefferies Financial Group lowered 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. Finally, Bank of America dropped 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. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver 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.