Pan American Silver Corp. $PAAS Shares Acquired by Invesco Ltd.

Invesco Ltd. increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 49.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,016,262 shares of the basic materials company’s stock after buying an additional 2,986,434 shares during the quarter. Invesco Ltd.’s holdings in Pan American Silver were worth $256,062,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in Pan American Silver in the 2nd quarter valued at about $51,000. Kiker Wealth Management LLC boosted its stake in Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 600 shares during the period. CWM LLC grew its position in Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in Pan American Silver in the 2nd quarter worth about $81,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PAAS. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Scotiabank raised their target price on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. CIBC increased their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $43.20.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $44.41 on Friday. The stock’s 50 day moving average price is $38.68 and its 200 day moving average price is $33.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 0.43 and a beta of 0.72. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $46.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is currently 32.37%.

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.