Vanguard Group Inc. Raises Position in Pan American Silver Corp. $PAAS

Key Points

• Vanguard Group Inc. increased its stake in Pan American Silver Corp. by 1.0%, holding a total of 14,146,213 shares worth approximately $365.4 million.
• Pan American Silver recently declared a quarterly dividend of $0.12 per share, raising the annualized dividend to $0.48 with a yield of 1.5%.
• In its latest quarterly earnings, the company reported $0.43 EPS, exceeding expectations of $0.40, with revenues of $811.9 million compared to forecasts of $782.1 million.

Vanguard Group Inc. lifted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,146,213 shares of the basic materials company's stock after acquiring an additional 138,028 shares during the period. Vanguard Group Inc. owned 3.91% of Pan American Silver worth $365,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in shares of Pan American Silver in the 1st quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in Pan American Silver by 39.8% in the first 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 last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Pan American Silver by 507.3% in the first 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 last quarter. Rossby Financial LCC purchased a new stake in Pan American Silver in the first quarter valued at $151,000. Finally, US Bancorp DE boosted its holdings in Pan American Silver by 13.4% in the first 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 last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of PAAS stock traded up $0.7460 during mid-day trading on Thursday, hitting $32.0160. 4,074,936 shares of the stock were exchanged, compared to its average volume of 4,670,312. The firm has a fifty day moving average of $29.44 and a 200 day moving average of $26.61. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 52-week low of $18.50 and a 52-week high of $32.50. The company has a market cap of $11.58 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.42 and a beta of 0.60.

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

Pan American Silver Increases Dividend

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

Wall Street Analysts Forecast Growth

PAAS has been the topic of several recent research reports. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Pan American Silver presently has a consensus rating of "Hold" and an average price target of $31.40.

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.