Nykredit A S Buys New Position in Pan American Silver Corp. $PAAS

Nykredit A S purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, HoldingsChannel.com reports. The firm purchased 150,364 shares of the basic materials company’s stock, valued at approximately $6,738,000.

Several other institutional investors have also added to or reduced their stakes in PAAS. NFJ Investment Group LLC purchased a new stake in shares of Pan American Silver during the second quarter worth about $25,000. Parallel Advisors LLC raised its position 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 last quarter. Fifth Third Bancorp raised its position in shares of Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Danske Bank A S acquired a new stake in Pan American Silver in the 2nd quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of a number of recent analyst reports. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, May 11th. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Finally, 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. Seven investment 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, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Trading Down 2.5%

NYSE PAAS opened at $51.31 on Friday. The company has a market capitalization of $21.30 billion, a PE ratio of 15.50, a P/E/G ratio of 5.05 and a beta of 0.77. The company has a fifty day moving average of $47.20 and a 200 day moving average of $52.46. Pan American Silver Corp. has a 1 year low of $33.08 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 posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Research analysts forecast that Pan American Silver Corp. will post 3.81 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a $0.184 dividend. The ex-dividend date was Monday, August 24th. This is a positive change 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%. Pan American Silver’s dividend payout ratio (DPR) is currently 22.36%.

Pan American Silver Company 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.