3,087,685 Shares in Pan American Silver Corp. $PAAS Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,087,685 shares of the basic materials company’s stock, valued at approximately $138,282,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in shares of Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. NFJ Investment Group LLC acquired a new position in Pan American Silver during the second quarter valued at approximately $25,000. Parallel Advisors LLC increased its stake in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver in the fourth quarter valued at approximately $34,000. Finally, Danske Bank A S acquired a new stake in Pan American Silver in the second quarter worth $30,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PAAS shares. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, May 11th. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Bank of America dropped their price objective 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. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Stock Down 2.9%

Pan American Silver stock opened at $52.63 on Thursday. The stock has a market capitalization of $21.95 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 5.01 and a beta of 0.73. Pan American Silver Corp. has a twelve month low of $32.32 and a twelve month high of $69.99. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $46.45 and a 200-day moving average of $52.70.

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 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 analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue was up 38.4% on a year-over-year basis. On average, equities research analysts anticipate that Pan American Silver Corp. will post 4.06 EPS 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. Shareholders of record on Monday, August 24th will be issued a dividend of $0.184 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s dividend payout ratio is currently 22.36%.

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.