United Capital Management of KS Inc. Takes $2.11 Million Position in Pan American Silver Corp. $PAAS

United Capital Management of KS Inc. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,629 shares of the basic materials company’s stock, valued at approximately $2,105,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Van ECK Associates Corp raised its position in shares of Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. Norges Bank acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $303,611,000. First Eagle Investment Management LLC acquired a new stake in shares of Pan American Silver in the third quarter valued at approximately $178,004,000. Capital International Investors acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $215,484,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after buying an additional 4,037,311 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PAAS shares. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Stock Performance

NYSE:PAAS opened at $48.22 on Friday. The stock’s 50-day simple moving average is $55.03 and its 200 day simple moving average is $54.82. The firm has a market capitalization of $20.32 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.5%. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

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.