VectorGlobal IAG Inc. Makes New Investment in Pan American Silver Corp. $PAAS

VectorGlobal IAG Inc. bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,047 shares of the basic materials company’s stock, valued at approximately $658,000.

A number of other institutional investors have also modified their holdings of PAAS. Veracity Capital LLC raised its stake in shares of Pan American Silver by 1.9% during the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock worth $511,000 after purchasing an additional 185 shares during the last quarter. RFG Advisory LLC grew its position in Pan American Silver by 2.5% in the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after buying an additional 191 shares during the last quarter. Grand Central Investment Group grew its position in Pan American Silver by 0.5% in the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock valued at $2,447,000 after buying an additional 211 shares during the last quarter. Metis Global Partners LLC increased its stake in Pan American Silver by 1.5% in the 4th quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock valued at $863,000 after buying an additional 239 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Pan American Silver by 7.8% in the 1st quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after buying an additional 251 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 0.1%

Shares of PAAS opened at $43.08 on Monday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $46.98 and its two-hundred day moving average is $53.79. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The firm has a market capitalization of $17.97 billion, a P/E ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, research analysts predict that Pan American Silver Corp. will post 4.15 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PAAS. Jefferies Financial Group reduced their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Bank of America lowered their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Zacks Research downgraded Pan American Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

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.