Pan American Silver Corp. $PAAS Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd boosted its stake in Pan American Silver by 123.9% in Q2 to 52,331 shares, worth about $1.49 million, while institutional investors now own roughly 55.4% of the stock.
• Analysts are broadly positive: Pan American Silver has an average rating of "Buy" with an average target price of $41.25 and several recent upgrades (CIBC raised its target to $62).
• The stock jumped about 6.4% after the company reported Q results (EPS $0.48, missing by $0.01; revenue up 19.3% YoY) and announced a quarterly dividend increase to $0.14 (annualized $0.56, ~1.2% yield).

XTX Topco Ltd lifted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 123.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,331 shares of the basic materials company's stock after purchasing an additional 28,963 shares during the quarter. XTX Topco Ltd's holdings in Pan American Silver were worth $1,486,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in Pan American Silver in the second quarter valued at approximately $51,000. Kiker Wealth Management LLC raised its position in Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 600 shares during the last quarter. CWM LLC boosted its stake in Pan American Silver by 32.1% during the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock worth $64,000 after purchasing an additional 550 shares during the period. Farther Finance Advisors LLC boosted its stake in Pan American Silver by 38.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company's stock worth $107,000 after purchasing an additional 1,034 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in Pan American Silver in the second quarter valued at $108,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAAS shares. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. CIBC increased their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an "outperformer" rating in a report on Friday, October 10th. Zacks Research raised shares of Pan American Silver from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Scotiabank raised their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an "outperform" rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Buy" and an average target price of $41.25.

Pan American Silver Stock Up 6.4%

Pan American Silver stock opened at $45.31 on Friday. The firm has a market capitalization of $19.12 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. 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 Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $45.97. The stock's fifty day moving average is $37.94 and its two-hundred day moving average is $32.51.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same quarter last year, the company posted $0.32 EPS. Pan American Silver's quarterly revenue was up 19.3% compared to the same quarter last year. Analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 24th will be issued a $0.14 dividend. This is a positive change from Pan American Silver's previous quarterly dividend of $0.12. The ex-dividend date is Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. Pan American Silver's payout ratio is currently 32.37%.

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.

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