Barings LLC Purchases 51,248 Shares of Pan American Silver Corp. (NYSE:PAAS)

Key Points

• Barings LLC increased its stake in Pan American Silver Corp. by 25.1%, owning a total of 255,120 shares valued at approximately $6.59 million.
• Pan American Silver reported earnings of $0.42 per share for the most recent quarter, exceeding analysts' estimates and showing a revenue increase of 28.6% from the previous year.
• The company announced a quarterly dividend of $0.10 per share, reflecting an annualized yield of 1.5% and a payout ratio of 45.98%.

Barings LLC lifted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 25.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,120 shares of the basic materials company's stock after acquiring an additional 51,248 shares during the quarter. Barings LLC owned approximately 0.07% of Pan American Silver worth $6,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after buying an additional 221,561 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Pan American Silver during the 4th quarter valued at $1,233,000. Schroder Investment Management Group raised its position in shares of Pan American Silver by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 834,933 shares of the basic materials company's stock valued at $16,649,000 after acquiring an additional 94,308 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Pan American Silver by 191.0% during the 4th quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company's stock valued at $3,394,000 after acquiring an additional 110,170 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Pan American Silver by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 252,494 shares of the basic materials company's stock valued at $5,101,000 after acquiring an additional 15,275 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 4.1%

Shares of NYSE:PAAS traded up $1.11 during mid-day trading on Monday, reaching $28.13. 3,380,967 shares of the company's stock were exchanged, compared to its average volume of 4,954,362. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $31.03. The business's fifty day moving average price is $28.21 and its 200-day moving average price is $25.82. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.36 and a beta of 0.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter last year, the firm earned $0.01 earnings per share. Pan American Silver's quarterly revenue was up 28.6% on a year-over-year basis. On average, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.4%. Pan American Silver's payout ratio is 45.98%.

Wall Street Analyst Weigh In

A number of analysts recently commented on PAAS shares. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Finally, TD Securities reduced their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Company 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.