41,454 Shares in Pan American Silver Corp. $PAAS Acquired by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC has acquired a stake of 41,454 shares in Pan American Silver Corp., valued at approximately $1,177,000, indicating growing institutional interest in the company.
• Pan American Silver recently announced an increase in its quarterly dividend from $0.10 to $0.12, reflecting a 1.2% yield and a payout ratio of 33.10%.
• Analysts have given Pan American Silver a consensus rating of "Moderate Buy" with an average price target of $34.50, highlighting mixed sentiments about the stock's future performance.

Knights of Columbus Asset Advisors LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 41,454 shares of the basic materials company's stock, valued at approximately $1,177,000.

A number of other institutional investors also recently modified their holdings of PAAS. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Pan American Silver by 319.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock valued at $115,009,000 after buying an additional 3,389,549 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Pan American Silver by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock valued at $233,225,000 after buying an additional 959,859 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Pan American Silver by 77.2% during the 1st quarter. Driehaus Capital Management LLC now owns 2,151,187 shares of the basic materials company's stock valued at $55,565,000 after buying an additional 937,126 shares during the period. TD Asset Management Inc boosted its stake in shares of Pan American Silver by 71.7% during the 1st quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company's stock valued at $50,917,000 after buying an additional 823,390 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Pan American Silver by 21.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company's stock valued at $98,510,000 after buying an additional 665,502 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Weiss Ratings restated a "buy (b-)" rating on shares of Pan American Silver in a report on Saturday, September 27th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Scotiabank cut their price target on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $34.50.

Pan American Silver Stock Performance

Shares of PAAS opened at $39.38 on Wednesday. The company has a market capitalization of $16.62 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 0.65 and a beta of 0.63. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $40.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The company's fifty day moving average price is $34.14 and its 200 day moving average price is $29.20.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.12 dividend. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.2%. Pan American Silver's payout ratio is 33.10%.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.

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