Plato Investment Management Ltd Invests $856,000 in Pan American Silver Corp. $PAAS

Plato Investment Management Ltd bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,214 shares of the basic materials company’s stock, valued at approximately $856,000.

Several other hedge funds have also modified their holdings of the stock. RW Investment Management LLC acquired a new position in Pan American Silver during the 2nd quarter worth approximately $230,000. Global Retirement Partners LLC acquired a new stake in Pan American Silver in the second quarter valued at approximately $78,000. Alberta Investment Management Corp acquired a new stake in Pan American Silver in the second quarter valued at approximately $5,109,000. Bank of New York Mellon Corp purchased a new stake in shares of Pan American Silver during the second quarter valued at approximately $21,883,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Pan American Silver during the second quarter valued at approximately $744,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock opened at $46.60 on Wednesday. The firm has a fifty day moving average of $45.98 and a two-hundred day moving average of $52.85. The firm has a market cap of $19.44 billion, a P/E ratio of 14.08, a P/E/G ratio of 4.10 and a beta of 0.73. Pan American Silver Corp. has a 1-year low of $30.59 and a 1-year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, research analysts anticipate that Pan American Silver Corp. will post 4.11 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.184 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio (DPR) is 21.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PAAS. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America dropped their price target on shares of 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. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Finally, Weiss Ratings cut shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.