Jupiter Asset Management Ltd. Boosts Holdings in Pan American Silver Corp. $PAAS

Jupiter Asset Management Ltd. boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 150.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,143,924 shares of the basic materials company’s stock after acquiring an additional 1,288,406 shares during the period. Jupiter Asset Management Ltd.’s holdings in Pan American Silver were worth $83,065,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cumberland Partners Ltd purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $310,000. Essex Financial Services Inc. purchased a new position in Pan American Silver in the third quarter valued at approximately $219,000. Beirne Wealth Consulting Services LLC grew its holdings in Pan American Silver by 83.5% during the third quarter. Beirne Wealth Consulting Services LLC now owns 52,142 shares of the basic materials company’s stock valued at $2,019,000 after purchasing an additional 23,723 shares during the period. Rothschild Investment LLC purchased a new stake in Pan American Silver in the third quarter worth $36,000. Finally, Vanguard Group Inc. raised its stake in shares of Pan American Silver by 21.2% in the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after buying an additional 3,006,055 shares during the period. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

NYSE PAAS opened at $61.21 on Friday. The company’s 50 day simple moving average is $55.75 and its two-hundred day simple moving average is $43.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The stock has a market capitalization of $25.82 billion, a PE ratio of 24.49, a P/E/G ratio of 0.58 and a beta of 0.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 17.52%. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. Analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a $0.18 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is currently 32.37%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Scotiabank increased their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Bank of America lifted 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 note on Monday, December 1st. Finally, Jefferies Financial Group dropped their target price 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. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $56.60.

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.