Mitsubishi UFJ Trust & Banking Corp Has $978,000 Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Mitsubishi UFJ Trust & Banking Corp. trimmed its stake in Pan American Silver by 60.9%, selling 29,800 shares and leaving 19,100 shares worth about $978,000 at quarter-end.
• Pan American Silver reported quarterly EPS of $1.09 (vs. $1.06 consensus) with revenue up 49.3% year-over-year, and raised its quarterly dividend to $0.18 (annualized $0.72; yield ~1.4%).
• Institutional investors own about 55.4% of the stock, with notable activity such as Goldman Sachs increasing its position to ~1.499 million shares (~$38.7M); analysts' consensus is a "Moderate Buy" with an average target of $59.67.

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 60.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,100 shares of the basic materials company's stock after selling 29,800 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Pan American Silver were worth $978,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PAAS. AQR Capital Management LLC raised its holdings in Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company's stock worth $504,000 after buying an additional 6,391 shares during the period. Jones Financial Companies Lllp raised its holdings in Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company's stock worth $504,000 after buying an additional 16,626 shares during the period. Goldman Sachs Group Inc. raised its holdings in Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company's stock worth $38,728,000 after buying an additional 360,283 shares during the period. Empowered Funds LLC acquired a new stake in Pan American Silver during the 1st quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock worth $48,000 after buying an additional 594 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Down 1.1%

PAAS stock opened at $50.54 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. The company has a fifty day moving average price of $56.79 and a two-hundred day moving average price of $51.44. Pan American Silver Corp. has a one year low of $22.08 and a one year high of $69.99. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 20.22, 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 released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. During the same quarter in the previous year, the business earned $0.42 earnings per share. The business's revenue for the quarter was up 49.3% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post 4.45 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver's dividend payout ratio (DPR) is presently 28.80%.

Analysts Set New Price Targets

Several analysts have commented on PAAS shares. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a report on Wednesday, January 21st. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Saturday. Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Finally, 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 report on Wednesday, February 4th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $59.67.

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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