Perpetual Ltd Grows Stake in Pan American Silver Corp. (NYSE:PAAS)

Perpetual Ltd increased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 24.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 481,755 shares of the basic materials company's stock after buying an additional 96,082 shares during the quarter. Perpetual Ltd owned about 0.13% of Pan American Silver worth $12,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAAS. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC increased its stake in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Pan American Silver in the fourth quarter valued at $53,000. Finally, Jones Financial Companies Lllp lifted its stake 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 in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Down 0.0%

NYSE:PAAS traded down $0.01 on Tuesday, hitting $28.39. The stock had a trading volume of 3,696,869 shares, compared to its average volume of 3,948,244. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $29.66. The firm's fifty day simple moving average is $26.13 and its two-hundred day simple moving average is $24.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The stock has a market cap of $10.27 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 0.51 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued 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. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's revenue was up 28.6% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. Analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 45.98%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, CIBC increased their price target on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.