Headlands Technologies LLC Buys New Shares in Pan American Silver Corp. (NYSE:PAAS)

Headlands Technologies LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,303 shares of the basic materials company’s stock, valued at approximately $463,000.

Several other large investors have also added to or reduced their stakes in PAAS. Van ECK Associates Corp lifted its holdings in shares of Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company’s stock worth $701,016,000 after purchasing an additional 653,064 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Pan American Silver by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after acquiring an additional 159,908 shares during the last quarter. Norges Bank purchased a new stake in shares of Pan American Silver in the 4th quarter valued at $63,066,000. Tidal Investments LLC increased its stake in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock worth $57,340,000 after acquiring an additional 3,779,309 shares during the period. Finally, Sprott Inc. boosted its holdings in Pan American Silver by 3.7% in the fourth quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company’s stock valued at $49,746,000 after purchasing an additional 107,965 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Pan American Silver stock opened at $20.49 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The company’s fifty day moving average price is $21.06 and its 200 day moving average price is $19.17. The stock has a market capitalization of $7.44 billion, a P/E ratio of -44.54 and a beta of 1.35. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $24.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 0.59 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.95%. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

Wall Street Analyst Weigh In

PAAS has been the subject of several analyst reports. Royal Bank of Canada boosted their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday. CIBC boosted their price target on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a report on Wednesday, July 10th. Scotiabank raised their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 16th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $19.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets raised their price target on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $24.79.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.