Schroder Investment Management Group Buys 202,694 Shares of Pan American Silver Corp. $PAAS

Schroder Investment Management Group boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,293,484 shares of the basic materials company’s stock after buying an additional 202,694 shares during the period. Schroder Investment Management Group’s holdings in Pan American Silver were worth $50,200,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Harvest Portfolios Group Inc. raised its position in shares of Pan American Silver by 0.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock worth $1,404,000 after acquiring an additional 318 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Pan American Silver by 18.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares in the last quarter. Parallel Advisors LLC raised its holdings in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. City State Bank lifted its position in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Pan American Silver by 0.9% during the 3rd quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company’s stock valued at $1,967,000 after buying an additional 436 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS opened at $61.50 on Wednesday. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The company has a market capitalization of $25.94 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. The firm has a 50 day moving average of $58.79 and a 200 day moving average of $46.65. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is 28.80%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target 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. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Jefferies Financial Group reduced their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $56.60.

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.