15,442 Shares in Pan American Silver Corp. (NYSE:PAAS) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has invested $399,000 in Pan American Silver Corp. by acquiring 15,442 shares, reflecting growing interest from institutional investors in the basic materials sector.
• Pan American Silver recently reported a quarterly revenue of $811.90 million, surpassing analyst estimates, alongside a boost in earnings per share to $0.43.
• The company has announced an increase in its quarterly dividend from $0.10 to $0.12, representing an annual yield of 1.5% for investors.

ASR Vermogensbeheer N.V. acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,442 shares of the basic materials company's stock, valued at approximately $399,000.

Several other large investors have also modified their holdings of PAAS. Graybill Wealth Management LTD. acquired a new position in Pan American Silver during the 1st quarter valued at $33,000. Farther Finance Advisors LLC raised its stake in Pan American Silver by 39.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake 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 purchasing an additional 3,759 shares during the last quarter. Rossby Financial LCC acquired a new position in Pan American Silver during the 1st quarter valued at $151,000. Finally, US Bancorp DE raised its stake in Pan American Silver by 13.4% during the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after purchasing an additional 820 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. TD Securities cut their target price on shares of 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. 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. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Finally, BMO Capital Markets started coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Pan American Silver Price Performance

Shares of PAAS stock traded down $0.39 during mid-day trading on Monday, reaching $31.56. The company's stock had a trading volume of 4,775,994 shares, compared to its average volume of 5,283,299. The company has a market cap of $11.42 billion, a P/E ratio of 21.76, a PEG ratio of 0.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The firm's 50-day moving average is $28.90 and its two-hundred day moving average is $26.18. Pan American Silver Corp. has a 1-year low of $18.50 and a 1-year high of $32.12.

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 earnings per share (EPS) 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 analysts' expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. On average, research analysts predict 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 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 is an increase from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date is Monday, August 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Pan American Silver's dividend payout ratio is 27.59%.

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.