Dimensional Fund Advisors LP Raises Stock Position in Pan American Silver Corp. $PAAS

Dimensional Fund Advisors LP grew its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,609,902 shares of the basic materials company’s stock after buying an additional 316,178 shares during the period. Dimensional Fund Advisors LP owned 0.86% of Pan American Silver worth $139,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at approximately $36,000. City State Bank grew its position in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 435 shares during the period. EverSource Wealth Advisors LLC grew its position in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares during the period. Assetmark Inc. increased its stake in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.6%

PAAS opened at $61.50 on Wednesday. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The business has a fifty day simple moving average of $58.79 and a 200-day simple moving average of $46.65. The firm has a market cap of $25.94 billion, a P/E ratio of 24.60, a P/E/G ratio of 0.56 and a beta of 0.62. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 1.2%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is presently 28.80%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PAAS. Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Scotiabank upped their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Company 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.