UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Pan American Silver Corp. $PAAS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 17.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,406 shares of the basic materials company’s stock after acquiring an additional 28,720 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pan American Silver were worth $8,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAAS. BlackRock Inc. purchased a new stake in shares of Pan American Silver during the second quarter valued at $375,948,000. Norges Bank purchased a new position in Pan American Silver in the 4th quarter worth about $303,611,000. FIL Ltd lifted 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 buying an additional 4,438,478 shares in the last quarter. Capital International Investors purchased a new stake in Pan American Silver in the 4th quarter valued at about $215,484,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Pan American Silver in the 2nd quarter valued at about $145,312,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Trading Down 0.1%

NYSE PAAS opened at $51.31 on Tuesday. Pan American Silver Corp. has a one year low of $33.08 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 5.05 and a beta of 0.77. The company’s 50-day simple moving average is $47.33 and its two-hundred day simple moving average is $52.39.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted $0.43 EPS. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities analysts forecast that Pan American Silver Corp. will post 3.81 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a dividend of $0.184 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.4%. Pan American Silver’s payout ratio is 22.36%.

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.