553,979 Shares in Pan American Silver Corp. $PAAS Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 553,979 shares of the basic materials company’s stock, valued at approximately $24,761,000.

A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Pan American Silver during the 2nd quarter worth about $375,948,000. Norges Bank acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $303,611,000. FIL Ltd lifted its stake in shares of Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after purchasing an additional 4,438,478 shares during the period. Capital International Investors bought a new stake in shares of Pan American Silver during the 4th quarter valued at about $215,484,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Pan American Silver during the 2nd quarter valued at about $145,312,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $53.00 on Friday. 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 stock has a 50-day moving average of $46.65 and a 200-day moving average of $52.70. The company has a market cap of $22.10 billion, a PE ratio of 16.01, a P/E/G ratio of 5.12 and a beta of 0.73. Pan American Silver Corp. has a one year low of $32.95 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly 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 firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. On average, equities research analysts predict that Pan American Silver Corp. will post 4.02 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.184 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 24th. Pan American Silver’s dividend payout ratio is presently 22.36%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PAAS. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Finally, 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. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.