Vise Technologies Inc. Takes Position in Pan American Silver Corp. $PAAS

Vise Technologies Inc. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,105 shares of the basic materials company’s stock, valued at approximately $766,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Pan American Silver by 1.6% during the fourth 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 during the period. 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 valued at $383,365,000 after buying an additional 882,135 shares during the period. BlackRock Inc. acquired a new position in Pan American Silver during the 2nd quarter worth about $375,948,000. FIL Ltd boosted its holdings in Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after acquiring an additional 4,438,478 shares during the period. Finally, Norges Bank purchased a new position in Pan American Silver during the 4th quarter valued at about $303,611,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $53.11 on Monday. The company’s fifty day moving average price is $46.31 and its 200 day moving average price is $52.74. Pan American Silver Corp. has a 12 month low of $31.60 and a 12 month 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. The firm has a market capitalization of $22.15 billion, a P/E ratio of 16.05, a P/E/G ratio of 4.90 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly 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 firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. As a group, sell-side analysts predict that Pan American Silver Corp. will post 4.06 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be given a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is presently 21.75%.

Analyst Ratings Changes

Several research firms have recently commented on PAAS. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Jefferies Financial Group decreased their price target on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Finally, Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.43.

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.