Mackenzie Financial Corp Has $74.69 Million Stock Position in Pan American Silver Corp. $PAAS

Mackenzie Financial Corp raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 46.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,927,774 shares of the basic materials company’s stock after purchasing an additional 610,832 shares during the quarter. Mackenzie Financial Corp owned 0.46% of Pan American Silver worth $74,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. XTX Topco Ltd boosted its stake in Pan American Silver by 123.9% in the second quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after buying an additional 28,963 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Pan American Silver by 176.9% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after acquiring an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG raised its stake in Pan American Silver by 117.9% during the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after acquiring an additional 23,780 shares in the last quarter. Hollencrest Capital Management lifted its holdings in shares of Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock worth $4,711,000 after acquiring an additional 82,932 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in shares of Pan American Silver by 363.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock worth $5,879,000 after acquiring an additional 119,028 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $60.83 on Thursday. The stock has a market cap of $25.66 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 0.57 and a beta of 0.62. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average is $58.97 and its 200-day moving average is $46.75. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Pan American Silver’s payout ratio is 28.80%.

Wall Street Analyst Weigh In

PAAS has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.60.

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.