Ruffer LLP Has $34.93 Million Stock Holdings in Pan American Silver Corp. $PAAS

Ruffer LLP lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 901,751 shares of the basic materials company’s stock after selling 11,578 shares during the period. Pan American Silver comprises about 1.9% of Ruffer LLP’s investment portfolio, making the stock its 18th biggest holding. Ruffer LLP owned 0.21% of Pan American Silver worth $34,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Pan American Silver by 15.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after purchasing an additional 1,396,360 shares during the last quarter. Invesco Ltd. lifted its stake in 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 valued at $256,062,000 after acquiring an additional 2,986,434 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Pan American Silver by 5,674.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after acquiring an additional 6,034,755 shares in the last quarter. Norges Bank acquired a new position in shares of Pan American Silver during the 2nd quarter worth $155,281,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Pan American Silver by 6.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock valued at $114,747,000 after purchasing an additional 226,933 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 2.3%

Shares of PAAS stock opened at $65.82 on Thursday. The firm has a market capitalization of $27.77 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 0.70 and a beta of 0.67. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The firm’s fifty day simple moving average is $51.35 and its 200 day simple moving average is $40.40. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

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

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a $0.14 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 0.9%. Pan American Silver’s payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAAS. Jefferies Financial Group reduced their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Bank of America upped their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. CIBC upped their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. One research 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 currently has an average rating of “Moderate Buy” and an average target price of $47.83.

Pan American Silver 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.