Plato Investment Management Ltd Makes New $856,000 Investment in Pan American Silver Corp. $PAAS

Plato Investment Management Ltd purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,214 shares of the basic materials company’s stock, valued at approximately $856,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Pan American Silver by 1.6% during the fourth 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. lifted its holdings 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 worth $383,365,000 after acquiring an additional 882,135 shares during the last quarter. FIL Ltd boosted 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 period. Norges Bank acquired a new position in Pan American Silver in the fourth quarter valued at approximately $303,611,000. Finally, Capital International Investors bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $215,484,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 3.1%

NYSE:PAAS opened at $46.60 on Wednesday. Pan American Silver Corp. has a 1 year low of $30.59 and a 1 year high of $69.99. The stock has a market cap of $19.44 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 4.10 and a beta of 0.73. The business has a fifty day moving average of $45.98 and a 200-day moving average of $52.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $0.43 earnings per share. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities analysts predict that Pan American Silver Corp. will post 4.11 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio is 21.75%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PAAS shares. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.