113,039 Shares in Pan American Silver Corp. $PAAS Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 1st quarter, Holdings Channel reports. The firm purchased 113,039 shares of the basic materials company’s stock, valued at approximately $6,182,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Pan American Silver during the fourth quarter valued at $303,611,000. FIL Ltd lifted 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 acquiring an additional 4,438,478 shares during the period. Capital International Investors bought a new stake in Pan American Silver in the fourth quarter valued at approximately $215,484,000. Bank of America Corp DE increased its position in Pan American Silver by 148.3% during the 2nd quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock valued at $95,658,000 after purchasing an additional 2,011,862 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Pan American Silver during the 1st quarter valued at approximately $71,141,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $42.50 on Thursday. The firm has a market capitalization of $17.72 billion, a P/E ratio of 13.66, a P/E/G ratio of 3.71 and a beta of 0.72. The firm’s 50-day moving average price is $47.41 and its 200-day moving average price is $53.95. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-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 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 during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver Corp. will post 4.15 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

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 dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAAS. TD Securities raised 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. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Jefferies Financial Group lowered their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $70.43.

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.