Achmea Investment Management B.V. Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

Achmea Investment Management B.V. raised its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 40.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 221,730 shares of the basic materials company's stock after buying an additional 64,369 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of Pan American Silver worth $5,726,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Perpetual Ltd increased its position in Pan American Silver by 24.9% during the 1st quarter. Perpetual Ltd now owns 481,755 shares of the basic materials company's stock valued at $12,444,000 after buying an additional 96,082 shares in the last quarter. Golden State Equity Partners increased its holdings in shares of Pan American Silver by 50.0% during the first quarter. Golden State Equity Partners now owns 30,000 shares of the basic materials company's stock valued at $775,000 after acquiring an additional 10,000 shares in the last quarter. PFG Investments LLC raised its position in shares of Pan American Silver by 316.7% in the 1st quarter. PFG Investments LLC now owns 73,163 shares of the basic materials company's stock valued at $1,890,000 after purchasing an additional 55,606 shares during the last quarter. Compass Ion Advisors LLC acquired a new stake in Pan American Silver in the 1st quarter worth approximately $223,000. Finally, Builder Investment Group Inc. ADV grew its position in Pan American Silver by 2.2% during the 1st quarter. Builder Investment Group Inc. ADV now owns 264,874 shares of the basic materials company's stock worth $6,842,000 after purchasing an additional 5,800 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Shares of PAAS traded down $0.01 during trading hours on Tuesday, hitting $28.39. The stock had a trading volume of 3,692,447 shares, compared to its average volume of 3,941,932. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 0.49 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The firm has a 50-day moving average price of $26.09 and a 200 day moving average price of $24.50. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. As a group, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. Pan American Silver's dividend payout ratio is currently 45.98%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PAAS shares. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. CIBC boosted their price target on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. BMO Capital Markets began coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, TD Securities reduced their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Profile

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.