Gulf International Bank UK Ltd Acquires 20,930 Shares of Pan American Silver Corp. $PAAS

Key Points

• Gulf International Bank UK Ltd increased its stake in Pan American Silver Corp. by 3,123.9%, holding 21,600 shares valued at approximately $558,000.
• Pan American Silver reported $0.43 EPS for the latest quarter, exceeding estimates, and its revenue of $811.90 million represented an 18.3% year-over-year increase.
• The company declared a quarterly dividend of $0.12 per share, up from the previous $0.10, reflecting a dividend yield of 1.5%.

Gulf International Bank UK Ltd boosted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 3,123.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,600 shares of the basic materials company's stock after acquiring an additional 20,930 shares during the quarter. Gulf International Bank UK Ltd's holdings in Pan American Silver were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PAAS. Concurrent Investment Advisors LLC bought a new position in shares of Pan American Silver during the first quarter valued at $222,000. D.A. Davidson & CO. purchased a new position in shares of Pan American Silver in the 1st quarter worth $358,000. Credit Industriel ET Commercial bought a new stake in shares of Pan American Silver in the fourth quarter worth $8,537,000. Southland Equity Partners LLC bought a new stake in shares of Pan American Silver in the first quarter worth $300,000. Finally, Northern Trust Corp increased its position 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 valued at $1,696,000 after acquiring an additional 56,826 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Up 1.7%

Shares of NYSE:PAAS traded up $0.5480 during trading on Friday, reaching $32.5880. 1,464,907 shares of the company were exchanged, compared to its average volume of 4,531,314. The business's fifty day simple moving average is $29.44 and its 200-day simple moving average is $26.61. 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 12-month low of $18.50 and a 12-month high of $32.82. The firm has a market capitalization of $11.79 billion, a PE ratio of 22.52, a P/E/G ratio of 0.42 and a beta of 0.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Pan American Silver's quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend 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

A number of analysts have commented on PAAS shares. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. TD Securities lowered their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" 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.