OMERS ADMINISTRATION Corp Acquires Shares of 104,100 Pan American Silver Corp. $PAAS

Key Points

• OMERS Administration Corp has invested approximately $2.69 million in Pan American Silver Corp., acquiring 104,100 shares during the 1st quarter.
• Pan American Silver recently announced a quarterly dividend increase from $0.10 to $0.12 per share, reflecting a 1.4% dividend yield.
• Equities analysts have generally downgraded their ratings on Pan American Silver, with the consensus rating now at "Hold" and a target price of $31.40.

OMERS ADMINISTRATION Corp purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 104,100 shares of the basic materials company's stock, valued at approximately $2,689,000.

Several other large investors also recently bought and sold shares of PAAS. Graybill Wealth Management LTD. purchased a new stake in Pan American Silver in the 1st quarter valued at $33,000. Farther Finance Advisors LLC lifted its stake in shares of 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 valued at $70,000 after purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 acquiring an additional 3,759 shares during the last quarter. Rossby Financial LCC acquired a new position in Pan American Silver during the first quarter worth $151,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Pan American Silver in the 1st quarter valued at $161,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.37 during trading hours on Wednesday, hitting $33.93. The company had a trading volume of 5,011,369 shares, compared to its average volume of 4,560,875. The business has a 50 day moving average of $30.14 and a 200-day moving average of $27.10. The company has a market cap of $12.28 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 0.46 and a beta of 0.65. Pan American Silver Corp. has a 1-year low of $18.50 and a 1-year high of $35.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million for 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 firm's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.4%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio (DPR) is currently 33.10%.

Analysts Set New Price Targets

Several brokerages have commented on PAAS. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $31.40.

Pan American Silver Profile

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.