Dynamic Technology Lab Private Ltd acquired a new position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,227 shares of the basic materials company’s stock, valued at approximately $294,000.
Several other large investors have also added to or reduced their stakes in PAAS. BT Investment Management Ltd bought a new position in Pan American Silver during the 2nd quarter valued at about $120,085,000. Van ECK Associates Corp lifted its holdings in Pan American Silver by 59.6% during the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock valued at $298,955,000 after purchasing an additional 6,640,625 shares during the last quarter. AJO LP bought a new position in Pan American Silver during the 2nd quarter valued at about $12,239,000. JPMorgan Chase & Co. lifted its holdings in Pan American Silver by 452.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock valued at $7,251,000 after purchasing an additional 353,037 shares during the last quarter. Finally, Ninepoint Partners LP bought a new position in Pan American Silver during the 3rd quarter valued at about $5,174,000. 53.91% of the stock is owned by institutional investors.
Several brokerages recently issued reports on PAAS. Raymond James Financial downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating and set a $20.50 price target for the company. in a report on Friday, September 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Thursday, September 7th. UBS downgraded shares of Pan American Silver from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 target price on shares of Pan American Silver in a research note on Thursday, September 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.50 target price on shares of Pan American Silver in a research note on Wednesday, September 20th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Pan American Silver currently has an average rating of “Buy” and an average target price of $21.59.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. equities research analysts expect that Pan American Silver Corp. will post 0.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, November 17th. Pan American Silver’s dividend payout ratio is currently 16.39%.
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About Pan American Silver
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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