Invesco Ltd. Grows Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Invesco Ltd. increased its stake in Pan American Silver Corp. by 2.1%, owning over 6 million shares valued at approximately $155.75 million as of the latest quarter.
• Pan American Silver recently announced a quarterly dividend increase to $0.12 per share, reflecting a 1.5% dividend yield, with the payout ratio currently at 27.59%.
• The company's stock is performing well, with a 12-month range of $18.50 to $32.50, and reported earnings of $0.43 per share in the latest quarter, exceeding analysts' expectations.

Invesco Ltd. boosted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,029,828 shares of the basic materials company's stock after purchasing an additional 121,764 shares during the period. Invesco Ltd. owned about 1.66% of Pan American Silver worth $155,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Graybill Wealth Management LTD. purchased a new stake in shares of Pan American Silver in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC lifted its holdings in Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after buying an additional 775 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after buying an additional 3,759 shares during the period. Rossby Financial LCC purchased a new position in shares of Pan American Silver in the 1st quarter valued at approximately $151,000. Finally, US Bancorp DE lifted its stake in shares of Pan American Silver by 13.4% in 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 period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on PAAS. Wall Street Zen lowered Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday. TD Securities lowered their price objective 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 reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.40.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded down $0.5610 during mid-day trading on Tuesday, hitting $31.1290. The stock had a trading volume of 982,767 shares, compared to its average volume of 4,533,913. 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 company has a 50 day moving average of $29.28 and a two-hundred day moving average of $26.49. Pan American Silver Corp. has a twelve month low of $18.50 and a twelve month high of $32.50. The firm has a market cap of $11.26 billion, a PE ratio of 21.49, a PEG ratio of 0.43 and a beta of 0.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released 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. The firm had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The firm's revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

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

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.