Caisse de depot et placement du Quebec Takes Position in Pan American Silver Corp. $PAAS

Caisse de depot et placement du Quebec purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 419,522 shares of the basic materials company’s stock, valued at approximately $18,800,000.

Other large investors have also bought and sold shares of the company. RFG Advisory LLC boosted its stake in Pan American Silver by 2.5% in the first quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 191 shares during the last quarter. Grand Central Investment Group raised its position in shares of Pan American Silver by 0.5% during the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock valued at $2,447,000 after acquiring an additional 211 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Pan American Silver by 1.5% during the 4th quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock valued at $863,000 after acquiring an additional 239 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Pan American Silver by 7.8% in the 1st quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 251 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Pan American Silver by 2.3% in the 4th quarter. Ieq Capital LLC now owns 11,329 shares of the basic materials company’s stock valued at $587,000 after purchasing an additional 259 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Down 3.4%

Shares of NYSE PAAS opened at $53.00 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $32.95 and a twelve month high of $69.99. The company’s fifty day moving average is $46.65 and its 200-day moving average is $52.70. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 5.12 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Equities research analysts predict that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.184 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 24th. Pan American Silver’s payout ratio is 22.36%.

Analysts Set New Price Targets

PAAS has been the subject of a number of analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Bank of America cut their target price 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. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, May 11th. Finally, Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.43.

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.