Danica Pension Livsforsikringsaktieselskab Acquires New Position in Pan American Silver Corp. $PAAS

Danica Pension Livsforsikringsaktieselskab bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to its most recent filing with the SEC. The firm bought 98,723 shares of the basic materials company’s stock, valued at approximately $6,277,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after buying an additional 274,168 shares during the last quarter. Invesco Ltd. increased its position in shares of Pan American Silver by 9.8% in the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after acquiring an additional 882,135 shares during the period. BlackRock Inc. acquired a new position in shares of Pan American Silver in the 2nd quarter valued at $375,948,000. FIL Ltd raised its stake in Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the last quarter. Finally, Norges Bank purchased a new position in Pan American Silver in the 4th quarter worth $303,611,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Zacks Research downgraded shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Finally, TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Trading Down 3.1%

Pan American Silver stock opened at $46.60 on Wednesday. The firm has a market cap of $19.44 billion, a PE ratio of 14.08, a P/E/G ratio of 4.10 and a beta of 0.73. Pan American Silver Corp. has a 12 month low of $30.59 and a 12 month high of $69.99. The stock’s 50 day simple moving average is $45.98 and its two-hundred day simple moving average is $52.85. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts anticipate that Pan American Silver Corp. will post 4.11 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, September 4th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio is currently 21.75%.

Pan American Silver Profile

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.