Northwest & Ethical Investments L.P. Has $2.79 Million Holdings in Pan American Silver Corp. $PAAS

Key Points

• Northwest & Ethical Investments L.P. has increased its stake in Pan American Silver Corp. by 53.4%, acquiring an additional 37,608 shares, bringing its total holdings to 108,059 shares worth approximately $2.79 million.
• Pan American Silver's most recent quarterly report showed earnings of $0.43 per share, exceeding the anticipated $0.40, with revenue up 18.3% year-over-year at $811.90 million.
• The company recently announced a dividend increase to $0.12 per share, marking a boost from the previous $0.10 and resulting in an annual yield of 1.5%.

Northwest & Ethical Investments L.P. increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 53.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,059 shares of the basic materials company's stock after acquiring an additional 37,608 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Pan American Silver were worth $2,793,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new stake in Pan American Silver in the 1st quarter valued at $33,000. Farther Finance Advisors LLC boosted its stake in 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 period. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 valued at $116,000 after purchasing an additional 3,759 shares during the period. Rossby Financial LCC bought a new stake in Pan American Silver in the 1st quarter valued at $151,000. Finally, US Bancorp DE boosted its stake in Pan American Silver by 13.4% in the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after purchasing an additional 820 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Up 1.9%

NYSE PAAS traded up $0.60 during trading hours on Friday, hitting $32.64. 4,242,176 shares of the company's stock were exchanged, compared to its average volume of 4,550,144. The stock has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $26.61. Pan American Silver Corp. has a 1-year low of $18.50 and a 1-year high of $32.82. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.42 and a beta of 0.60. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its 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. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm's revenue was up 18.3% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 18th. Pan American Silver's payout ratio is 33.10%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. TD Securities dropped their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Finally, CIBC restated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of "Hold" and a consensus price target of $31.40.

About Pan American Silver

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.