Nykredit A S Makes New $6.74 Million Investment in Pan American Silver Corp. $PAAS

Key Points

• Nykredit A/S purchased 150,364 shares of Pan American Silver in the second quarter, valued at approximately $6.74 million. Institutional investors collectively own 55.43% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds. Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $70.43.
• The company reported quarterly revenue of $1.12 billion, up 38.4% year over year, but missed EPS and revenue estimates. It also increased its quarterly dividend to $0.184 per share, implying a 1.4% annualized yield.

Nykredit A S bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,364 shares of the basic materials company's stock, valued at approximately $6,738,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Pan American Silver during the second quarter valued at $375,948,000. Norges Bank purchased a new stake in Pan American Silver in the fourth quarter worth about $303,611,000. FIL Ltd lifted its stake in Pan American Silver by 154.7% in the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company's stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the period. Capital International Investors bought a new position in Pan American Silver during the 4th quarter worth about $215,484,000. Finally, The Manufacturers Life Insurance Company bought a new position in Pan American Silver during the 2nd quarter worth about $145,312,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PAAS. Bank of America reduced their price target on shares of Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Weiss Ratings downgraded shares of Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Wall Street Zen lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. TD Cowen raised shares of Pan American Silver from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, Jefferies Financial Group lowered their target price on Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $70.43.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $51.31 on Friday. The company has a market capitalization of $21.30 billion, a PE ratio of 15.50, a P/E/G ratio of 5.05 and a beta of 0.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The company has a 50-day simple moving average of $47.20 and a two-hundred day simple moving average of $52.46. Pan American Silver Corp. has a one year low of $33.08 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 38.4% compared to the same quarter last year. Research analysts expect that Pan American Silver Corp. will post 3.81 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of $0.184 per share. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. Pan American Silver's dividend payout ratio is currently 22.36%.

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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