Nuveen LLC Invests $10.07 Million in Pan American Silver Corp. $PAAS

Nuveen LLC bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 390,012 shares of the basic materials company’s stock, valued at approximately $10,072,000. Nuveen LLC owned about 0.11% of Pan American Silver as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver in the 1st quarter worth about $33,000. Farther Finance Advisors LLC increased its holdings in shares of Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company’s stock worth $70,000 after buying an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company’s stock worth $116,000 after buying an additional 3,759 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Pan American Silver in the 1st quarter worth about $151,000. Finally, US Bancorp DE increased its holdings in shares of Pan American Silver by 13.4% in the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock worth $180,000 after buying an additional 820 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PAAS shares. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TD Securities reduced their target price on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Finally, CIBC reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 15th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.40.

Pan American Silver Price Performance

Pan American Silver stock opened at $32.64 on Friday. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. Pan American Silver Corp. has a 1 year low of $18.50 and a 1 year high of $32.82. The firm has a 50-day moving average of $29.51 and a two-hundred day moving average of $26.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to analysts’ expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. On average, research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.12 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.5%. Pan American Silver’s dividend payout ratio is presently 33.10%.

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.