Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in Pan American Silver Corp. $PAAS

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 113,039 shares of the basic materials company’s stock, valued at approximately $6,182,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $34,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at about $41,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Pan American Silver in the 1st quarter valued at about $44,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $42.50 on Thursday. The stock’s fifty day moving average price is $47.41 and its two-hundred day moving average price is $53.95. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 3.71 and a beta of 0.72. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 4.15 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analyst Ratings Changes

PAAS has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Bank of America reduced their target price on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.