Pan American Silver Corp. $PAAS Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,360 shares of the basic materials company’s stock after buying an additional 14,055 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Pan American Silver were worth $4,387,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 during the period. Invesco Ltd. raised its stake in shares of 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 worth $383,365,000 after purchasing an additional 882,135 shares during the last quarter. FIL Ltd raised its stake in shares of 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 worth $378,872,000 after purchasing an additional 4,438,478 shares during the last quarter. Norges Bank purchased a new position in shares of Pan American Silver in the fourth quarter worth about $303,611,000. Finally, Capital International Investors acquired a new stake in shares of Pan American Silver during the fourth quarter worth about $215,484,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

NYSE:PAAS opened at $42.50 on Thursday. The stock has a market capitalization of $17.72 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 3.71 and a beta of 0.72. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $47.41 and its 200-day moving average price is $53.95.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data 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 $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $0.42 earnings per share. Pan American Silver’s quarterly revenue was up 49.3% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver Corp. will post 4.15 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Analyst Ratings Changes

Several brokerages recently weighed in on PAAS. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. TD Securities upgraded shares of 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 shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

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.