Aigen Investment Management LP Purchases 15,913 Shares of Pan American Silver Corp. (NYSE:PAAS)

Key Points

• Aigen Investment Management LP increased its holdings in Pan American Silver Corp. by 51.3%, purchasing an additional 15,913 shares for a total of 46,953 shares valued at approximately $1.21 million.
• Pan American Silver recently reported earnings of $0.43 per share, exceeding analysts' estimates and showing an 18.3% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.12 per share, up from the previous $0.10, which reflects a positive change in dividend policy.

Aigen Investment Management LP increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 51.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,953 shares of the basic materials company's stock after purchasing an additional 15,913 shares during the quarter. Aigen Investment Management LP's holdings in Pan American Silver were worth $1,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PAAS. Graybill Wealth Management LTD. bought a new position in Pan American Silver in the first quarter worth $33,000. Farther Finance Advisors LLC increased its stake in shares of Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after acquiring an additional 775 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Pan American Silver by 507.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 3,759 shares during the period. Rossby Financial LCC purchased a new position in Pan American Silver during the 1st quarter valued at about $151,000. Finally, US Bancorp DE boosted its stake in Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock worth $180,000 after acquiring an additional 820 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 1.6%

PAAS stock opened at $31.95 on Monday. The stock has a market capitalization of $11.56 billion, a P/E ratio of 22.03, a P/E/G ratio of 0.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. Pan American Silver Corp. has a 1-year low of $18.33 and a 1-year high of $32.12. The business has a fifty day moving average price of $28.79 and a 200-day moving average price of $26.11.

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

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date is Monday, August 18th. Pan American Silver's payout ratio is currently 27.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. BMO Capital Markets started coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. TD Securities lowered their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Company 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.

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