Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 51.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,124,517 shares of the basic materials company’s stock after buying an additional 1,056,981 shares during the quarter. Mackenzie Financial Corp owned approximately 0.86% of Pan American Silver worth $62,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Pan American Silver by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock worth $36,300,000 after purchasing an additional 27,372 shares during the period. AQR Capital Management LLC acquired a new stake in Pan American Silver during the second quarter worth about $238,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Pan American Silver in the second quarter worth about $963,000. Point72 DIFC Ltd acquired a new position in Pan American Silver in the second quarter valued at approximately $234,000. Finally, Cheviot Value Management LLC raised its position in shares of Pan American Silver by 1.8% during the 2nd quarter. Cheviot Value Management LLC now owns 203,511 shares of the basic materials company’s stock worth $4,046,000 after purchasing an additional 3,695 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 4.1 %

NYSE PAAS opened at $21.44 on Friday. The company has a market capitalization of $7.78 billion, a P/E ratio of -46.61 and a beta of 1.35. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company’s 50 day simple moving average is $20.74 and its 200 day simple moving average is $19.80.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Equities research analysts expect that Pan American Silver Corp. will post 0.61 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.87%. Pan American Silver’s payout ratio is presently -86.96%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 research report on Tuesday, September 10th. Scotiabank increased their price target on 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 lowered their price target on Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, CIBC upped their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $24.64.

Pan American Silver Company 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.