Jupiter Asset Management Ltd. Purchases 28,007 Shares of Pan American Silver Corp. $PAAS

Key Points

• Jupiter Asset Management increased its stake in Pan American Silver by 1.3% in the fourth quarter, buying 28,007 additional shares and bringing its total holding to 2.17 million shares worth about $112.5 million.
• Pan American Silver continues to attract broad institutional interest, with firms like Van ECK, Vanguard, and MIRAE ASSET also boosting positions; overall, institutional investors own 55.43% of the company.
• The stock has a Moderate Buy consensus from analysts, with eight Buy ratings and two Hold ratings, while the company recently reported better-than-expected EPS of $1.09 and declared a quarterly dividend of $0.18 per share.

Jupiter Asset Management Ltd. raised its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,171,931 shares of the basic materials company's stock after purchasing an additional 28,007 shares during the period. Pan American Silver accounts for 0.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 23rd biggest position. Jupiter Asset Management Ltd. owned about 0.51% of Pan American Silver worth $112,528,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PAAS. Van ECK Associates Corp boosted its stake in Pan American Silver by 51.8% during the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company's stock valued at $1,748,355,000 after buying an additional 15,405,762 shares during the period. Vanguard Group Inc. increased its stake in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company's stock worth $905,513,000 after acquiring an additional 274,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company's stock valued at $560,149,000 after acquiring an additional 4,037,311 shares in the last quarter. Invesco Ltd. boosted its position in shares of Pan American Silver by 9.8% during the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company's stock valued at $383,365,000 after acquiring an additional 882,135 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $178,004,000. Institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAAS. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Royal Bank Of Canada reissued an "outperform" rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $55.29 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver Corp. has a 52-week low of $23.88 and a 52-week high of $69.99. The company has a fifty day moving average of $55.16 and a 200-day moving average of $53.98. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company's revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Equities research analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, May 19th. Pan American Silver's dividend payout ratio (DPR) is presently 23.15%.

About Pan American Silver

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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