Benjamin Edwards Inc. Purchases 38,962 Shares of Pan American Silver Corp. $PAAS

Benjamin Edwards Inc. grew its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 513.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,554 shares of the basic materials company’s stock after acquiring an additional 38,962 shares during the quarter. Benjamin Edwards Inc.’s holdings in Pan American Silver were worth $2,412,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% in the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after buying an additional 4,037,311 shares in the last quarter. Invesco Ltd. raised its holdings 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 worth $383,365,000 after buying an additional 882,135 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $178,004,000. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Jefferies Financial Group dropped their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.67.

Pan American Silver Trading Down 1.1%

PAAS stock opened at $50.54 on Wednesday. The business has a fifty day moving average price of $56.79 and a 200 day moving average price of $51.44. Pan American Silver Corp. has a fifty-two week low of $22.08 and a fifty-two week high of $69.99. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 0.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.During the same quarter in the previous year, the business posted $0.42 earnings per share. Pan American Silver’s revenue was up 49.3% on a year-over-year basis. Analysts expect that Pan American Silver Corp. will post 4.45 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is 28.80%.

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.