Pan American Silver Corp. $PAAS Stake Raised by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5,674.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 6,141,108 shares of the basic materials company’s stock after buying an additional 6,034,755 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Pan American Silver were worth $174,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. Northwestern Mutual Wealth Management Co. grew its position in shares of Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 594 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Pan American Silver during the second quarter worth approximately $51,000. Kiker Wealth Management LLC lifted its position in Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 600 shares during the period. CWM LLC increased its holdings in Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Pan American Silver in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the subject of a number of recent research reports. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday. Finally, CIBC raised their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $43.20.

Pan American Silver Trading Down 2.7%

Shares of PAAS stock opened at $44.85 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a 52-week low of $19.80 and a 52-week high of $46.60. The company has a 50-day simple moving average of $38.25 and a two-hundred day simple moving average of $32.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 32.37%.

About Pan American Silver

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.