Towarzystwo Funduszy Inwestycyjnych PZU SA Acquires 17,500 Shares of Pan American Silver Corp. $PAAS

Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2,500.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,200 shares of the basic materials company’s stock after acquiring an additional 17,500 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA’s holdings in Pan American Silver were worth $706,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PAAS. RW Investment Management LLC bought a new position in shares of Pan American Silver in the 3rd quarter valued at about $246,000. FORA Capital LLC bought a new stake in Pan American Silver during the third quarter worth approximately $494,000. Pathstone Holdings LLC increased its stake in Pan American Silver by 102.0% during the third quarter. Pathstone Holdings LLC now owns 53,552 shares of the basic materials company’s stock worth $2,074,000 after acquiring an additional 27,042 shares during the last quarter. Boston Partners raised its position in Pan American Silver by 34.9% during the third quarter. Boston Partners now owns 39,486 shares of the basic materials company’s stock valued at $1,529,000 after purchasing an additional 10,211 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Pan American Silver by 11.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 245,977 shares of the basic materials company’s stock valued at $9,530,000 after purchasing an additional 25,869 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group dropped their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Bank of America boosted their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Down 6.6%

Shares of NYSE:PAAS opened at $56.09 on Friday. The firm has a market capitalization of $23.66 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62. The business has a 50 day simple moving average of $59.24 and a two-hundred day simple moving average of $47.01. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. 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 (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. On average, equities analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Pan American Silver’s payout ratio is 28.80%.

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.