Russell Investments Group Ltd. Has $3.74 Million Holdings in Pan American Silver Corp. $PAAS

Russell Investments Group Ltd. increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,001 shares of the basic materials company’s stock after purchasing an additional 1,889 shares during the period. Russell Investments Group Ltd.’s holdings in Pan American Silver were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Pan American Silver by 19.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 32,862 shares of the basic materials company’s stock valued at $664,000 after buying an additional 5,276 shares during the last quarter. Barclays PLC increased its stake in Pan American Silver by 3.8% in the 4th quarter. Barclays PLC now owns 63,791 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 2,352 shares during the last quarter. Mariner LLC increased its stake in Pan American Silver by 6.0% in the 4th quarter. Mariner LLC now owns 24,865 shares of the basic materials company’s stock valued at $503,000 after buying an additional 1,408 shares during the last quarter. Marshall Wace LLP increased its stake in Pan American Silver by 61.9% in the 4th quarter. Marshall Wace LLP now owns 57,891 shares of the basic materials company’s stock valued at $1,171,000 after buying an additional 22,125 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Pan American Silver by 226.1% in the 4th quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company’s stock valued at $1,141,000 after buying an additional 39,111 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $32.64 on Friday. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The company has a 50-day simple moving average of $29.51 and a 200 day simple moving average of $26.67. Pan American Silver Corp. has a 52 week low of $18.50 and a 52 week high of $32.82.

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

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.12 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date 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%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 16th. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, May 22nd. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, CIBC reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.40.

About Pan American Silver

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.