Amundi Purchases 391,663 Shares of Pan American Silver Corp. $PAAS

Amundi lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 25.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,938,994 shares of the basic materials company's stock after buying an additional 391,663 shares during the quarter. Amundi owned about 0.54% of Pan American Silver worth $47,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAAS. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Pan American Silver by 319.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company's stock worth $115,009,000 after buying an additional 3,389,549 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Pan American Silver by 77.2% in the first quarter. Driehaus Capital Management LLC now owns 2,151,187 shares of the basic materials company's stock valued at $55,565,000 after purchasing an additional 937,126 shares in the last quarter. TD Asset Management Inc raised its stake in Pan American Silver by 71.7% in the first quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company's stock valued at $50,917,000 after purchasing an additional 823,390 shares in the last quarter. Man Group plc raised its stake in Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after purchasing an additional 750,858 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Pan American Silver by 21.2% in the first quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company's stock valued at $98,510,000 after purchasing an additional 665,502 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. Zacks Research downgraded Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, National Bank Financial upgraded Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

Pan American Silver Price Performance

Pan American Silver stock traded up $0.93 during midday trading on Wednesday, reaching $36.33. The company's stock had a trading volume of 7,328,168 shares, compared to its average volume of 4,663,135. Pan American Silver Corp. has a 52 week low of $18.71 and a 52 week high of $36.49. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $30.77 and a 200-day moving average price of $27.45. The stock has a market cap of $15.33 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 0.45 and a beta of 0.65.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $811.90 million for the quarter, compared to analysts' expectations of $782.12 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The business's revenue for the quarter was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.3%. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

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.