American Century Companies Inc. Acquires 163,627 Shares of Pan American Silver Corp. $PAAS

Key Points

• American Century Companies Inc. increased its stake in Pan American Silver Corp. by 11.7%, acquiring an additional 163,627 shares during the first quarter, bringing its total ownership to approximately 1.56 million shares valued at $40.2 million.
• Pan American Silver recently reported a quarterly earnings per share of $0.43, exceeding analysts' expectations, with a revenue of $811.9 million, marking an 18.3% increase compared to the same period last year.
• The company announced an increase in its quarterly dividend from $0.10 to $0.12, reflecting a payout ratio of 33.1% and providing a yield of 1.5% for shareholders.

American Century Companies Inc. grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,556,480 shares of the basic materials company's stock after purchasing an additional 163,627 shares during the quarter. American Century Companies Inc. owned approximately 0.43% of Pan American Silver worth $40,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAAS. Connor Clark & Lunn Investment Management Ltd. increased its position 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 purchasing an additional 3,389,549 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after purchasing an additional 1,135,839 shares during the last quarter. TD Asset Management Inc increased its position 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 purchasing an additional 823,390 shares during the last quarter. Man Group plc increased its position in shares of Pan American Silver by 381.7% during the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after purchasing an additional 750,858 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Pan American Silver by 2,009.4% during the 4th quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company's stock valued at $13,175,000 after acquiring an additional 620,694 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

PAAS stock traded up $0.60 during midday trading on Friday, hitting $32.64. The company's stock had a trading volume of 4,242,176 shares, compared to its average volume of 4,680,693. Pan American Silver Corp. has a 12 month low of $18.50 and a 12 month high of $32.82. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.44 and a beta of 0.60. The company has a 50 day moving average of $29.51 and a two-hundred day moving average of $26.68.

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

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio is currently 33.10%.

Analyst Ratings Changes

PAAS has been the subject of a number of recent research reports. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, TD Securities cut 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. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.40.

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.