Capital International Inc. CA Takes Position in Pan American Silver Corp. $PAAS

Capital International Inc. CA purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 549,330 shares of the basic materials company’s stock, valued at approximately $28,461,000.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $215,484,000. J.W. Cole Advisors Inc. raised its position in Pan American Silver by 28.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 7,346 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 1,612 shares during the period. Vise Technologies Inc. raised its position in Pan American Silver by 12.1% in the fourth quarter. Vise Technologies Inc. now owns 6,295 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 678 shares during the period. Verus Capital Partners LLC raised its position in Pan American Silver by 3.5% in the fourth quarter. Verus Capital Partners LLC now owns 11,082 shares of the basic materials company’s stock valued at $574,000 after purchasing an additional 378 shares during the period. Finally, Crescent Grove Advisors LLC raised its position in Pan American Silver by 64.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 63,704 shares of the basic materials company’s stock valued at $3,301,000 after purchasing an additional 25,023 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.1%

Pan American Silver stock opened at $47.51 on Monday. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The stock’s fifty day simple moving average is $55.63 and its 200-day simple moving average is $54.63. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $20.02 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.37 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s revenue was up 49.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Pan American Silver’s dividend payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

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

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.