BT Investment Management Ltd purchased a new stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,139,388 shares of the basic materials company’s stock, valued at approximately $120,085,000. Pan American Silver Corp. comprises approximately 1.7% of BT Investment Management Ltd’s portfolio, making the stock its 9th biggest position. BT Investment Management Ltd owned 4.66% of Pan American Silver Corp. as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Van ECK Associates Corp lifted its holdings in Pan American Silver Corp. by 22.6% in the 1st quarter. Van ECK Associates Corp now owns 11,133,183 shares of the basic materials company’s stock valued at $195,053,000 after acquiring an additional 2,052,474 shares during the last quarter. Westpac Banking Corp lifted its holdings in Pan American Silver Corp. by 8.5% in the 1st quarter. Westpac Banking Corp now owns 6,498,934 shares of the basic materials company’s stock valued at $113,861,000 after acquiring an additional 506,413 shares during the last quarter. FMR LLC lifted its holdings in Pan American Silver Corp. by 2.2% in the 1st quarter. FMR LLC now owns 3,539,837 shares of the basic materials company’s stock valued at $62,018,000 after acquiring an additional 74,700 shares during the last quarter. Investec Asset Management LTD lifted its holdings in Pan American Silver Corp. by 11.2% in the 1st quarter. Investec Asset Management LTD now owns 3,050,213 shares of the basic materials company’s stock valued at $53,440,000 after acquiring an additional 308,401 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Pan American Silver Corp. by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,738,973 shares of the basic materials company’s stock valued at $47,986,000 after acquiring an additional 91,617 shares during the last quarter. 53.91% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on PAAS shares. UBS AG downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, September 7th. Raymond James Financial, Inc. downgraded shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a report on Friday, September 8th. BidaskClub raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. BMO Capital Markets reissued a “hold” rating and issued a $17.50 price target on shares of Pan American Silver Corp. in a report on Thursday, June 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price target on shares of Pan American Silver Corp. in a report on Tuesday, May 30th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.10.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/bt-investment-management-ltd-takes-120-09-million-position-in-pan-american-silver-corp-paas/1564199.html.

Pan American Silver Corp. (NASDAQ PAAS) traded down 0.34% during mid-day trading on Friday, reaching $17.82. The company’s stock had a trading volume of 241,381 shares. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 22.79 and a beta of 0.23. The stock’s 50 day moving average is $17.65 and its 200 day moving average is $17.23. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The business had revenue of $201.30 million for the quarter, compared to analysts’ expectations of $184.96 million. During the same quarter last year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Pan American Silver Corp. will post $0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio (DPR) is currently 12.82%.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

Receive News & Ratings for Pan American Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.