Mitsubishi UFJ Trust & Banking Corp Acquires 43,200 Shares of Pan American Silver Corp. $PAAS

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 757.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,900 shares of the basic materials company’s stock after purchasing an additional 43,200 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Pan American Silver were worth $1,895,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Pan American Silver by 15.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after buying an additional 1,396,360 shares during the period. Invesco Ltd. boosted its position in Pan American Silver by 49.5% during the 2nd quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after acquiring an additional 2,986,434 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock valued at $174,406,000 after acquiring an additional 6,034,755 shares during the period. Norges Bank purchased a new stake in shares of Pan American Silver during the 2nd quarter worth $155,281,000. Finally, Ameriprise Financial Inc. boosted its position in Pan American Silver by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock valued at $114,747,000 after purchasing an additional 226,933 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Scotiabank boosted their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday. CIBC increased their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $54.47 on Friday. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The business has a fifty day moving average of $52.24 and a 200 day moving average of $40.73. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.0%. Pan American Silver’s dividend payout ratio is currently 32.37%.

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.