Quantbot Technologies LP Acquires New Shares in Pan American Silver Corp. $PAAS

Quantbot Technologies LP acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 56,806 shares of the basic materials company’s stock, valued at approximately $2,544,000.

A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC lifted its stake in Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 6,391 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Pan American Silver by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after acquiring an additional 360,283 shares during the period. Empowered Funds LLC purchased a new position in shares of Pan American Silver during the first quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PAAS. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Bank of America dropped their price target on 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 investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Stock Performance

PAAS opened at $53.11 on Monday. The firm has a market cap of $22.15 billion, a P/E ratio of 16.05, a PEG ratio of 4.90 and a beta of 0.73. 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 company has a 50 day simple moving average of $46.31 and a two-hundred day simple moving average of $52.74. Pan American Silver Corp. has a 1-year low of $31.60 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.43 EPS. Pan American Silver’s revenue was up 38.4% compared to the same quarter last year. Equities analysts forecast that Pan American Silver Corp. will post 4.06 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

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

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.