Pan American Silver Corp. $PAAS Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Pan American Silver Corp. by 189%, acquiring nearly 108,000 shares valued at approximately $2.79 million.
• Pan American Silver recently announced a dividend increase, moving from $0.10 to $0.12 per share, with a dividend yield of 1.3%.
• The company reported earnings of $0.43 per share for the last quarter, surpassing analysts' expectations and showing an 18.3% revenue growth year-over-year.

Intech Investment Management LLC boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 189.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,952 shares of the basic materials company's stock after buying an additional 70,593 shares during the quarter. Intech Investment Management LLC's holdings in Pan American Silver were worth $2,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 buying an additional 3,389,549 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pan American Silver by 11.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock valued at $233,225,000 after purchasing an additional 959,859 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Pan American Silver by 77.2% in the 1st quarter. Driehaus Capital Management LLC now owns 2,151,187 shares of the basic materials company's stock valued at $55,565,000 after purchasing an additional 937,126 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Pan American Silver by 71.7% in 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 in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Pan American Silver by 21.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company's stock valued at $98,510,000 after purchasing an additional 665,502 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 3.6%

Shares of NYSE PAAS traded up $1.28 during trading hours on Friday, hitting $36.50. 20,227,439 shares of the stock were exchanged, compared to its average volume of 5,762,517. 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 company has a market cap of $15.40 billion, a PE ratio of 25.17, a PEG ratio of 0.57 and a beta of 0.65. The firm has a fifty day moving average price of $31.91 and a 200-day moving average price of $28.10. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $37.73.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. 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 posted $0.11 EPS. Pan American Silver's revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was 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 (DPR) is currently 33.10%.

Analyst Ratings Changes

PAAS has been the subject of several recent research reports. Scotiabank reduced their price target on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Friday, September 5th. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, TD Securities reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

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.