Pan American Silver Corp. $PAAS Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• British Columbia Investment Management Corp increased its holdings in Pan American Silver Corp. by 25.4%, owning a total of 204,177 shares valued at approximately $5.28 million.
• Several institutional investors, including Graybill Wealth Management and Farther Finance Advisors, have recently acquired positions in Pan American Silver, bringing their institutional ownership to 55.43%.
• Pan American Silver has declared a quarterly dividend of $0.12 per share, increasing from the previous $0.10, which results in an annualized dividend of $0.48 and a yield of 1.5%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 25.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,177 shares of the basic materials company's stock after buying an additional 41,410 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Pan American Silver worth $5,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new stake in Pan American Silver during the first quarter worth $222,000. D.A. Davidson & CO. purchased a new stake in Pan American Silver during the first quarter worth $358,000. Southland Equity Partners LLC purchased a new stake in Pan American Silver during the first quarter worth $300,000. Northern Trust Corp lifted its holdings in Pan American Silver by 210.1% during the fourth quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock worth $1,696,000 after buying an additional 56,826 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Pan American Silver by 191.0% during the fourth quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company's stock worth $3,394,000 after buying an additional 110,170 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 3.2%

NYSE:PAAS traded up $1.05 during mid-day trading on Friday, hitting $33.98. 4,283,643 shares of the company's stock traded hands, compared to its average volume of 4,561,166. The company has a fifty day moving average of $29.92 and a 200 day moving average of $26.98. Pan American Silver Corp. has a twelve month low of $18.50 and a twelve month high of $33.99. The company has a market capitalization of $12.30 billion, a P/E ratio of 23.44, a P/E/G ratio of 0.46 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05.

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, beating 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 company had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same period in the prior year, the company posted $0.11 EPS. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts forecast that Pan American Silver Corp. will post 1.26 EPS 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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's payout ratio is currently 33.10%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of analyst reports. Wall Street Zen lowered Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. TD Securities reduced their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Finally, CIBC reissued an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.