Osmosis Investment Management UK Ltd Acquires Shares of 43,134 Pan American Silver Corp. $PAAS

Osmosis Investment Management UK Ltd purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 43,134 shares of the basic materials company’s stock, valued at approximately $1,933,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. NFJ Investment Group LLC acquired a new position in Pan American Silver in the second quarter valued at about $25,000. Parallel Advisors LLC increased its holdings in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the period. Fifth Third Bancorp increased its holdings in 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 buying an additional 481 shares during the period. Danske Bank A S acquired a new position in shares of Pan American Silver in the 2nd quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.0%

NYSE PAAS opened at $53.58 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $32.32 and a twelve month high of $69.99. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 4.90 and a beta of 0.73. The business’s fifty day moving average is $46.37 and its 200 day moving average is $52.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Pan American Silver Corp. will post 4.06 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 paid a $0.184 dividend. This is an increase 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 of this dividend is Monday, August 24th. Pan American Silver’s payout ratio is currently 21.75%.

Analysts Set New Price Targets

Several research analysts have commented on PAAS shares. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Bank of America dropped their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Company 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.