American Century Companies Inc. Raises Position in Pan American Silver Corp. $PAAS

American Century Companies Inc. lifted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,575,755 shares of the basic materials company’s stock after purchasing an additional 19,275 shares during the quarter. American Century Companies Inc.’s holdings in Pan American Silver were worth $44,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. purchased a new position in shares of Pan American Silver in the second quarter worth $2,521,000. Intech Investment Management LLC grew its stake in Pan American Silver by 189.0% during the first quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after acquiring an additional 70,593 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in Pan American Silver by 29.1% in the 2nd quarter. Triasima Portfolio Management inc. now owns 211,010 shares of the basic materials company’s stock valued at $5,975,000 after acquiring an additional 47,500 shares during the last quarter. Oxbow Advisors LLC lifted its stake in Pan American Silver by 34.3% in the 2nd quarter. Oxbow Advisors LLC now owns 449,985 shares of the basic materials company’s stock worth $12,780,000 after purchasing an additional 114,875 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of Pan American Silver by 107.8% during the 2nd quarter. Bayforest Capital Ltd now owns 21,927 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 11,373 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Scotiabank lifted their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. CIBC increased their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $41.25.

Pan American Silver Stock Up 6.4%

Shares of Pan American Silver stock opened at $45.31 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The company has a market cap of $19.12 billion, a P/E ratio of 31.25, a PEG ratio of 0.44 and a beta of 0.63. The firm’s 50 day moving average price is $37.94 and its 200-day moving average price is $32.51. Pan American Silver Corp. has a 52-week low of $19.80 and a 52-week high of $45.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same quarter last year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 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, December 5th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is currently 32.37%.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.