Capital International Investors Acquires Shares of 4,159,115 Pan American Silver Corp. $PAAS

Capital International Investors acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,159,115 shares of the basic materials company’s stock, valued at approximately $215,484,000. Capital International Investors owned 0.99% of Pan American Silver as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Parallel Advisors LLC raised its stake in Pan American Silver by 151.8% in the third 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. Rothschild Investment LLC bought a new stake in Pan American Silver in the third quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares during the period. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the fourth quarter valued at approximately $41,000. Finally, Assetmark Inc. raised its stake in Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Pan American Silver stock opened at $47.20 on Tuesday. Pan American Silver Corp. has a 12 month low of $26.76 and a 12 month high of $69.99. The stock’s 50 day moving average is $55.58 and its 200-day moving average is $54.69. 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 company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 0.37 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its 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 return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. Equities research analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

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

Wall Street Analyst Weigh In

PAAS has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.