Pan American Silver Corp. $PAAS Stock: International Assets Investment Management LLC Raises Position

Key Points

• International Assets Investment Management LLC increased its Pan American Silver stake by 706.1% in the third quarter, bringing its holdings to 80,897 shares valued at approximately $3.68 million. Institutional investors collectively own 55.43% of PAAS.
• Pan American Silver reported quarterly revenue of $1.12 billion, up 38.4% year over year, but EPS of $0.73 fell short of the $0.84 consensus estimate. The stock opened at $38.93, well below its 52-week high of $69.99.
• The company pays an annualized dividend of approximately $0.74 per share, yielding 1.9%, while analysts maintain a “Moderate Buy” consensus with an average price target of $67.71.

International Assets Investment Management LLC raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 706.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,897 shares of the basic materials company's stock after purchasing an additional 70,861 shares during the period. International Assets Investment Management LLC's holdings in Pan American Silver were worth $3,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PAAS. Fifth Third Bancorp lifted its stake in Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock worth $28,000 after acquiring an additional 481 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $25,000. Danske Bank A S purchased a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $30,000. Latitude Advisors LLC purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $33,000. Finally, Paladin Partners LLC purchased a new stake in shares of Pan American Silver in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE PAAS opened at $38.93 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a 1 year low of $33.08 and a 1 year high of $69.99. The company has a market capitalization of $16.11 billion, a PE ratio of 11.76, a P/E/G ratio of 4.71 and a beta of 0.75. The company has a fifty day moving average of $46.98 and a two-hundred day moving average of $51.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the business posted $0.43 EPS. The business's revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, analysts expect that Pan American Silver Corp. will post 3.34 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were paid a dividend of C$0.18 per share. The ex-dividend date was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.9%. This is a boost from Pan American Silver's previous quarterly dividend of C$0.18. Pan American Silver's dividend payout ratio (DPR) is 22.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAAS. Jefferies Financial Group decreased their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, July 6th. Zacks Research raised Pan American Silver from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Bank of America cut their price target on Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Scotiabank restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their price target on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, September 16th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.71.

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company's assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.

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