Pan American Silver Corp. $PAAS Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 103.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,407 shares of the basic materials company’s stock after purchasing an additional 44,514 shares during the quarter. HighTower Advisors LLC’s holdings in Pan American Silver were worth $3,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Arrowstreet Capital Limited Partnership raised its position in shares of Pan American Silver by 5,674.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after buying an additional 6,034,755 shares in the last quarter. Norges Bank acquired a new position in shares of Pan American Silver during the second quarter valued at approximately $155,281,000. Invesco Ltd. raised its holdings in Pan American Silver by 49.5% during the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after purchasing an additional 2,986,434 shares in the last quarter. North of South Capital LLP raised its holdings in Pan American Silver by 444.2% during the third quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock worth $116,192,000 after purchasing an additional 2,448,778 shares in the last quarter. Finally, AGF Management Ltd. acquired a new stake in Pan American Silver in the second quarter worth approximately $59,883,000. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PAAS shares. Jefferies Financial Group lowered their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Bank of America boosted their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Five analysts have rated the stock with a Buy rating and four have issued 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 price target of $56.60.

Pan American Silver Stock Performance

Shares of PAAS opened at $64.26 on Thursday. The company has a 50-day moving average of $56.97 and a two-hundred day moving average of $44.57. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a one year low of $20.55 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be issued a $0.18 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. Pan American Silver’s dividend payout ratio is currently 22.40%.

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.