171,716 Shares in Pan American Silver Corp. $PAAS Purchased by ARS Investment Partners LLC

ARS Investment Partners LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 171,716 shares of the basic materials company’s stock, valued at approximately $9,381,000.

Several other hedge funds have also recently bought and sold shares of PAAS. Van ECK Associates Corp raised its position in shares of Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after acquiring an additional 274,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver by 38.7% in 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 acquiring an additional 4,037,311 shares during the last quarter. Invesco Ltd. increased its stake in Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after acquiring an additional 882,135 shares during the last quarter. Finally, FIL Ltd increased its stake in Pan American Silver by 154.7% in the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after acquiring an additional 4,438,478 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $49.07 on Friday. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The firm has a 50 day simple moving average of $54.44 and a 200 day simple moving average of $55.12. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99.

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

Pan American Silver Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.