155,980 Shares in Pan American Silver Corp. $PAAS Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, Holdings Channel reports. The fund acquired 155,980 shares of the basic materials company’s stock, valued at approximately $8,081,000.

A number of other large investors also recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in 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 worth $1,748,355,000 after purchasing an additional 15,405,762 shares during the last quarter. Norges Bank purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $303,611,000. First Eagle Investment Management LLC acquired a new position in Pan American Silver during the third quarter valued at $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pan American Silver by 38.7% during 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 purchasing an additional 4,037,311 shares during the period. Finally, Vanguard Group Inc. lifted its position in Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after purchasing an additional 3,006,055 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $55.59 on Tuesday. The firm has a market cap of $23.42 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.45 and a beta of 0.65. Pan American Silver Corp. has a one year low of $24.90 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The firm’s 50 day moving average price is $55.41 and its 200-day moving average price is $54.24.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $0.42 EPS. The firm’s revenue was up 49.3% compared to the same quarter last year. As a group, equities research analysts predict that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of analyst reports. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.00.

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.