Perpetual Ltd Has $12.84 Million Holdings in Pan American Silver Corp. $PAAS

Perpetual Ltd cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,554 shares of the basic materials company’s stock after selling 31,253 shares during the period. Perpetual Ltd owned about 0.08% of Pan American Silver worth $12,841,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Voya Investment Management LLC boosted its stake in Pan American Silver by 17.2% in the third quarter. Voya Investment Management LLC now owns 9,764 shares of the basic materials company’s stock worth $378,000 after purchasing an additional 1,431 shares in the last quarter. Dakota Community Bank & Trust NA bought a new position in shares of Pan American Silver in the third quarter valued at about $66,000. Hedges Asset Management LLC acquired a new position in Pan American Silver during the 3rd quarter worth about $1,857,000. OLD Point Trust & Financial Services N A bought a new stake in Pan American Silver during the 3rd quarter worth about $813,000. Finally, Osaic Holdings Inc. increased its position in Pan American Silver by 299.4% in the 2nd quarter. Osaic Holdings Inc. now owns 144,087 shares of the basic materials company’s stock valued at $4,092,000 after acquiring an additional 108,012 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAAS. Scotiabank upped their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 15th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Bank of America upped their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Pan American Silver Stock Up 3.5%

NYSE:PAAS opened at $51.80 on Friday. Pan American Silver Corp. has a 12-month low of $19.80 and a 12-month high of $52.34. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $21.86 billion, a P/E ratio of 29.94, a P/E/G ratio of 0.49 and a beta of 0.72. The stock’s fifty day simple moving average is $40.68 and its 200-day simple moving average is $35.06.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities 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 company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were given a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is 32.37%.

About Pan American Silver

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.