Pan American Silver Corp. $PAAS Stock Purchased by Ninety One UK Ltd

Ninety One UK Ltd lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,727,961 shares of the basic materials company’s stock after purchasing an additional 481,873 shares during the period. Ninety One UK Ltd owned about 0.66% of Pan American Silver worth $124,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Pan American Silver during the second quarter worth $375,948,000. Bank of America Corp DE bought a new stake in Pan American Silver during the 2nd quarter valued at $82,038,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Pan American Silver in the 2nd quarter valued at $2,347,000. Groupe la Francaise increased its holdings in shares of Pan American Silver by 11.8% in the 2nd quarter. Groupe la Francaise now owns 380,000 shares of the basic materials company’s stock valued at $17,042,000 after acquiring an additional 40,000 shares during the period. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Pan American Silver in the 2nd quarter valued at $6,277,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 1.9%

NYSE PAAS traded up $0.80 on Thursday, hitting $43.13. The stock had a trading volume of 2,077,071 shares, compared to its average volume of 5,800,728. The business’s fifty day moving average price is $49.15 and its 200 day moving average price is $50.26. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 4.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a 52-week low of $33.08 and a 52-week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data 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). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities research analysts anticipate that Pan American Silver Corp. will post 3.80 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of C$0.18 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 24th. This is an increase from Pan American Silver’s previous quarterly dividend of C$0.18. Pan American Silver’s dividend payout ratio (DPR) is 22.05%.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of analyst reports. Weiss Ratings upgraded Pan American Silver from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada dropped their price objective on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Bank of America cut their target price 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. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.71.

Pan American Silver Company Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.