Pan American Silver Corp. $PAAS Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver Corp. by 11.9%, acquiring 959,859 shares to own approximately 2.49% of the company, valued at $233,225,000.
• Pan American Silver recently reported earnings of $0.43 per share, exceeding estimates, with revenues up 18.3% year-over-year, totaling $811.90 million.
• The company announced an increase in its quarterly dividend from $0.10 to $0.12, representing a 1.4% yield, with a dividend payout ratio of 33.10%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,029,241 shares of the basic materials company's stock after purchasing an additional 959,859 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.49% of Pan American Silver worth $233,225,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in Pan American Silver by 319.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock worth $115,009,000 after buying an additional 3,389,549 shares during the period. Driehaus Capital Management LLC grew its position in shares of Pan American Silver by 77.2% during the first quarter. Driehaus Capital Management LLC now owns 2,151,187 shares of the basic materials company's stock worth $55,565,000 after acquiring an additional 937,126 shares during the last quarter. TD Asset Management Inc increased 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 acquiring an additional 823,390 shares during the period. Man Group plc raised its position in Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after purchasing an additional 750,858 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Pan American Silver by 21.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company's stock worth $98,510,000 after purchasing an additional 665,502 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. National Bank Financial raised Pan American Silver to a "strong-buy" rating in a report on Thursday, September 4th. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. 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. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. 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 report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.20.

Pan American Silver Price Performance

PAAS stock traded down $0.28 during trading on Tuesday, hitting $35.47. The stock had a trading volume of 8,152,415 shares, compared to its average volume of 4,646,881. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 0.43 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. The company's 50 day moving average price is $30.62 and its two-hundred day moving average price is $27.39. Pan American Silver Corp. has a 1-year low of $18.50 and a 1-year high of $36.31.

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 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. 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.