Public Sector Pension Investment Board Purchases Shares of 31,488 Pan American Silver Corp. $PAAS

Public Sector Pension Investment Board purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, HoldingsChannel.com reports. The firm purchased 31,488 shares of the basic materials company’s stock, valued at approximately $1,220,000.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Pan American Silver by 5,674.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock valued at $174,406,000 after acquiring an additional 6,034,755 shares during the period. Norges Bank purchased a new position in Pan American Silver during the second quarter valued at approximately $155,281,000. Invesco Ltd. boosted its position in shares of Pan American Silver by 49.5% in the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after purchasing an additional 2,986,434 shares during the period. North of South Capital LLP increased its stake in shares of Pan American Silver by 444.2% in the third quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock worth $116,192,000 after purchasing an additional 2,448,778 shares in the last quarter. Finally, AGF Management Ltd. purchased a new stake in shares of Pan American Silver in the second quarter worth $59,883,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 0.7%

Shares of PAAS stock opened at $65.18 on Tuesday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 0.61 and a beta of 0.66. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99. The stock’s 50-day moving average price is $56.37 and its 200-day moving average price is $44.19.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm’s revenue was up 44.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver’s payout ratio is 28.80%.

Analysts Set New Price Targets

PAAS has been the subject of several recent analyst reports. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Scotiabank upped their price objective on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Bank of America boosted their price target on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.60.

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.