Perpetual Ltd Has $12.44 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

Perpetual Ltd increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 24.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 481,755 shares of the basic materials company's stock after acquiring an additional 96,082 shares during the period. Perpetual Ltd owned about 0.13% of Pan American Silver worth $12,444,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its position in shares of Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $43,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after buying an additional 549 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

PAAS stock traded down $1.42 during midday trading on Friday, reaching $27.71. 4,914,373 shares of the stock were exchanged, compared to its average volume of 3,940,265. The stock has a market capitalization of $10.03 billion, a PE ratio of 31.85, a P/E/G ratio of 0.50 and a beta of 0.63. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $29.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The company has a fifty day moving average price of $26.06 and a 200 day moving average price of $24.44.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business's revenue was up 28.6% on a year-over-year basis. As a group, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analyst Ratings Changes

PAAS has been the subject of several research reports. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, TD Securities dropped their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and a consensus price target of $30.60.

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.