Dynamic Technology Lab Private Ltd Raises Holdings in Pan American Silver Corp. $PAAS

Dynamic Technology Lab Private Ltd grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 111.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 46,651 shares of the basic materials company’s stock after buying an additional 24,596 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Pan American Silver were worth $1,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Pan American Silver by 1.0% in the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company’s stock valued at $365,397,000 after acquiring an additional 138,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pan American Silver by 11.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,029,241 shares of the basic materials company’s stock worth $233,225,000 after acquiring an additional 959,859 shares in the last quarter. Invesco Ltd. increased its position in shares of Pan American Silver by 2.1% in the 1st quarter. Invesco Ltd. now owns 6,029,828 shares of the basic materials company’s stock valued at $155,750,000 after purchasing an additional 121,764 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Pan American Silver by 319.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,451,864 shares of the basic materials company’s stock valued at $115,009,000 after purchasing an additional 3,389,549 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Pan American Silver by 21.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,811,684 shares of the basic materials company’s stock valued at $98,510,000 after purchasing an additional 665,502 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Down 6.6%

PAAS opened at $36.46 on Friday. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $42.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The stock has a market capitalization of $15.39 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. The business’s 50-day simple moving average is $37.37 and its 200-day simple moving average is $31.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be given a $0.14 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.5%. Pan American Silver’s payout ratio is currently 32.37%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. CIBC upped their price objective on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Scotiabank raised their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.