Robertson Stephens Wealth Management LLC Makes New Investment in Pan American Silver Corp. $PAAS

Key Points

• Robertson Stephens Wealth Management LLC invested around $440,000 in Pan American Silver Corp. by purchasing 15,500 shares in the second quarter.
• Pan American Silver declared an increase in its quarterly dividend to $0.12, representing an annualized dividend yield of 1.2%.
• Analysts have mixed ratings for Pan American Silver, with one strong buy and several buy ratings, culminating in a consensus rating of Moderate Buy and an average target price of $38.50.

Robertson Stephens Wealth Management LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,500 shares of the basic materials company's stock, valued at approximately $440,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Pan American Silver by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company's stock worth $365,397,000 after acquiring an additional 138,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Pan American Silver by 11.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company's stock worth $233,225,000 after acquiring an additional 959,859 shares in the last quarter. Invesco Ltd. raised its position in Pan American Silver by 2.1% in the first quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company's stock worth $155,750,000 after acquiring an additional 121,764 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Pan American Silver by 319.1% in 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 acquiring an additional 3,389,549 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position 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 worth $98,510,000 after acquiring an additional 665,502 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PAAS shares. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. National Bank Financial raised Pan American Silver to a "strong-buy" rating in a research note on Thursday, September 4th. Weiss Ratings reissued a "buy (b-)" rating on shares of Pan American Silver in a research note on Saturday, September 27th. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Pan American Silver Price Performance

NYSE PAAS opened at $38.52 on Friday. The company has a 50 day simple moving average of $34.85 and a 200-day simple moving average of $29.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. Pan American Silver Corp. has a 52-week low of $19.80 and a 52-week high of $40.84.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver's payout ratio is currently 33.10%.

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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