Pan American Silver Corp. $PAAS is North of South Capital LLP’s 4th Largest Position

North of South Capital LLP lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 444.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,000,056 shares of the basic materials company’s stock after purchasing an additional 2,448,778 shares during the period. Pan American Silver makes up 11.2% of North of South Capital LLP’s holdings, making the stock its 4th biggest holding. North of South Capital LLP’s holdings in Pan American Silver were worth $116,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pan American Silver by 15.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock worth $296,087,000 after acquiring an additional 1,396,360 shares in the last quarter. Invesco Ltd. increased its holdings in Pan American Silver by 49.5% during the 2nd quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after purchasing an additional 2,986,434 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock valued at $174,406,000 after purchasing an additional 6,034,755 shares in the last quarter. Norges Bank purchased a new position in shares of Pan American Silver in the 2nd quarter valued at about $155,281,000. Finally, Ameriprise Financial Inc. grew its position in shares of Pan American Silver by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock worth $114,747,000 after buying an additional 226,933 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAAS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Bank of America boosted their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Scotiabank raised their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $55.51 on Wednesday. Pan American Silver Corp. has a 12 month low of $20.35 and a 12 month high of $55.85. The firm has a market capitalization of $23.43 billion, a P/E ratio of 32.08, a P/E/G ratio of 0.30 and a beta of 0.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The company’s fifty day moving average price is $44.35 and its 200 day moving average price is $37.18.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is 32.37%.

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.