U S Global Investors Inc. Takes Position in Pan American Silver Corp. $PAAS

U S Global Investors Inc. bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 73,555 shares of the basic materials company’s stock, valued at approximately $2,849,000.

Several other institutional investors also recently added to or reduced their stakes in PAAS. XTX Topco Ltd increased its holdings in shares of Pan American Silver by 123.9% in the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after acquiring an additional 28,963 shares during the period. Ninety One UK Ltd boosted its stake in Pan American Silver by 3.1% during the 3rd quarter. Ninety One UK Ltd now owns 2,155,252 shares of the basic materials company’s stock worth $83,473,000 after purchasing an additional 65,592 shares during the period. Osaic Holdings Inc. grew its position in Pan American Silver by 299.4% during the 2nd quarter. Osaic Holdings Inc. now owns 144,087 shares of the basic materials company’s stock worth $4,092,000 after purchasing an additional 108,012 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in Pan American Silver in the third quarter valued at $813,000. Finally, Vontobel Holding Ltd. purchased a new stake in shares of Pan American Silver in the second quarter valued at about $2,521,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $50.95 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $43.58 and a 200-day simple moving average of $36.76. The company has a market cap of $21.50 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 0.29 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $20.35 and a 12-month high of $55.85.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were issued a $0.14 dividend. The ex-dividend date was Monday, November 24th. This represents a $0.56 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 $0.12. Pan American Silver’s payout ratio is 32.37%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAAS. CIBC raised their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Scotiabank boosted their target price on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.33.

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.