Pan American Silver Corp. $PAAS Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,220 shares of the basic materials company’s stock after buying an additional 70,219 shares during the quarter. Bank of Nova Scotia owned 0.15% of Pan American Silver worth $24,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAAS. XTX Topco Ltd raised its stake in shares of Pan American Silver by 123.9% during the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock worth $1,486,000 after buying an additional 28,963 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in Pan American Silver by 176.9% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock valued at $4,445,000 after acquiring an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in Pan American Silver by 117.9% during the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after acquiring an additional 23,780 shares during the last quarter. Hollencrest Capital Management lifted its holdings in shares of Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after purchasing an additional 82,932 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its position in shares of Pan American Silver by 363.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock valued at $5,879,000 after purchasing an additional 119,028 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $56.33 on Tuesday. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The company’s 50 day simple moving average is $59.30 and its 200 day simple moving average is $47.37. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. Pan American Silver’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is currently 28.80%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PAAS. Jefferies Financial Group reduced their target price 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. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Bank of America increased their price objective on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver 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.