Rathbones Group PLC Increases Stock Position in Pan American Silver Corp. $PAAS

Key Points

• Rathbones Group PLC increased its stake in Pan American Silver by 78.1% in Q3 to 67,106 shares (an additional 29,435 shares), valued at about $2.60 million.
• Pan American Silver beat estimates with quarterly EPS of $1.11 (vs. $0.90) and revenue of $1.18 billion (+44.7% YoY), and raised its quarterly dividend to $0.18 ($0.72 annual, ~1.2% yield).
• Analyst sentiment is mixed but leans positive: the stock has an average rating of “Moderate Buy” with a consensus price target of $56.60, amid upgrades and target changes from firms like Wall Street Zen, Jefferies and Scotiabank.

Rathbones Group PLC lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 78.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,106 shares of the basic materials company's stock after buying an additional 29,435 shares during the period. Rathbones Group PLC's holdings in Pan American Silver were worth $2,599,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PAAS. Parallel Advisors LLC boosted its holdings in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Pan American Silver during the third quarter worth about $36,000. City State Bank increased its stake in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company's stock worth $40,000 after acquiring an additional 435 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company's stock worth $44,000 after purchasing an additional 1,089 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAAS has been the subject of a number of research reports. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Sunday, February 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Pan American Silver in a report on Monday, December 29th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 31st. Finally, Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus price target of $56.60.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $60.63 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.55 and a beta of 0.61. The business has a 50-day moving average of $58.61 and a 200-day moving average of $46.45.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.90 by $0.21. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company's revenue was up 44.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, equities analysts anticipate 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, March 13th. Shareholders of record on Monday, March 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.2%. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver's dividend payout ratio is 28.80%.

About Pan American Silver

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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