NumerixS Investment Technologies Inc bought a new stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in the first quarter, HoldingsChannel reports. The institutional investor bought 8,000 shares of the basic materials company’s stock, valued at approximately $106,000.
Several other large investors have also made changes to their positions in PAAS. FMR LLC raised its holdings in Pan American Silver by 6.1% during the fourth quarter. FMR LLC now owns 4,528,893 shares of the basic materials company’s stock worth $66,122,000 after purchasing an additional 260,455 shares in the last quarter. Investec Asset Management LTD raised its holdings in Pan American Silver by 25.8% during the first quarter. Investec Asset Management LTD now owns 3,640,635 shares of the basic materials company’s stock worth $48,238,000 after purchasing an additional 747,294 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Pan American Silver by 129.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,850,469 shares of the basic materials company’s stock worth $41,616,000 after purchasing an additional 1,606,978 shares in the last quarter. Frontier Capital Management Co. LLC purchased a new position in Pan American Silver during the first quarter worth about $35,232,000. Finally, Mackenzie Financial Corp raised its holdings in Pan American Silver by 174.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,503,314 shares of the basic materials company’s stock worth $36,548,000 after purchasing an additional 1,592,198 shares in the last quarter. 73.74% of the stock is owned by institutional investors and hedge funds.
Shares of Pan American Silver stock opened at $11.63 on Friday. Pan American Silver Corp. has a 12-month low of $10.26 and a 12-month high of $18.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 48.71, a P/E/G ratio of 10.59 and a beta of 0.03.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. Pan American Silver had a negative net margin of 0.34% and a positive return on equity of 2.11%. The company had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $240.67 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts predict that Pan American Silver Corp. will post 0.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were issued a $0.035 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.14 dividend on an annualized basis and a yield of 1.20%. Pan American Silver’s dividend payout ratio (DPR) is presently 35.90%.
PAAS has been the subject of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $21.00 price target on shares of Pan American Silver in a report on Friday, February 22nd. TheStreet cut shares of Pan American Silver from a “b-” rating to a “c” rating in a report on Friday, February 22nd. BidaskClub cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. B. Riley reissued a “neutral” rating and set a $12.50 price target (down from $22.00) on shares of Pan American Silver in a report on Friday, March 1st. Finally, Zacks Investment Research cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Saturday, March 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Pan American Silver presently has a consensus rating of “Hold” and an average price target of $16.97.
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Pan American Silver Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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