Korea Investment CORP Increases Holdings in Pan American Silver Corp. $PAAS

Korea Investment CORP lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 240.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 732,795 shares of the basic materials company’s stock after acquiring an additional 517,712 shares during the period. Korea Investment CORP owned 0.17% of Pan American Silver worth $28,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crabel Capital Management LLC bought a new stake in Pan American Silver during the third quarter worth approximately $387,000. Angeles Wealth Management LLC purchased a new position in shares of Pan American Silver in the 3rd quarter worth approximately $353,000. Blair William & Co. IL increased its position in shares of Pan American Silver by 44.6% during the 3rd quarter. Blair William & Co. IL now owns 28,360 shares of the basic materials company’s stock valued at $1,098,000 after purchasing an additional 8,742 shares during the last quarter. First Trust Advisors LP raised its holdings in Pan American Silver by 14.3% during the 3rd quarter. First Trust Advisors LP now owns 96,679 shares of the basic materials company’s stock valued at $3,746,000 after buying an additional 12,064 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Pan American Silver by 10.5% during the 3rd quarter. Gabelli Funds LLC now owns 637,400 shares of the basic materials company’s stock valued at $24,687,000 after buying an additional 60,600 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, Bank of America increased their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $60.63 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $58.61 and its two-hundred day moving average is $46.45. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The company has a market capitalization of $25.58 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.55 and a beta of 0.61.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. As a group, analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio (DPR) is 28.80%.

About Pan American Silver

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.