Y Intercept Hong Kong Ltd Invests $17.29 Million in Pan American Silver Corp. $PAAS

Y Intercept Hong Kong Ltd acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 316,535 shares of the basic materials company’s stock, valued at approximately $17,292,000.

Several other hedge funds have also recently added to or reduced their stakes in PAAS. Van ECK Associates Corp increased its position in Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after buying an additional 15,405,762 shares during the period. Vanguard Group Inc. grew its stake in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after acquiring an additional 274,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after acquiring an additional 4,037,311 shares during the last quarter. Invesco Ltd. increased its position in Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after acquiring an additional 882,135 shares during the period. Finally, FIL Ltd increased its position in Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the period. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAAS. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Up 4.3%

Shares of PAAS stock opened at $46.24 on Friday. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The stock has a fifty day moving average price of $52.28 and a 200 day moving average price of $55.12. The stock has a market cap of $19.42 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.36 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. Analysts predict that Pan American Silver Corp. will post 4.47 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. 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.