Osmosis Investment Management UK Ltd Invests $1.93 Million in Pan American Silver Corp. $PAAS

Osmosis Investment Management UK Ltd acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 43,134 shares of the basic materials company’s stock, valued at approximately $1,933,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in Pan American Silver during the 2nd quarter worth $729,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Pan American Silver during the 2nd quarter worth about $130,636,000. Bank of Nova Scotia bought a new stake in shares of Pan American Silver in the 2nd quarter valued at about $24,513,000. Cadence Wealth Management LLC bought a new stake in shares of Pan American Silver in the 2nd quarter valued at about $1,206,000. Finally, Quantbot Technologies LP bought a new stake in shares of Pan American Silver in the 2nd quarter valued at about $2,544,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PAAS shares. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. 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. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Finally, Bank of America dropped their price target on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $53.58 on Tuesday. The business has a 50-day moving average price of $46.37 and a two-hundred day moving average price of $52.72. Pan American Silver Corp. has a 1-year low of $32.32 and a 1-year high of $69.99. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The company has a market cap of $22.35 billion, a P/E ratio of 16.19, a PEG ratio of 4.90 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (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 during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, analysts anticipate that Pan American Silver Corp. will post 4.06 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a $0.184 dividend. The ex-dividend date is Monday, August 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s dividend payout ratio is presently 21.75%.

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.