Man Group plc Acquires New Position in Pan American Silver Corp. $PAAS

Man Group plc acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,380,804 shares of the basic materials company’s stock, valued at approximately $106,636,000. Man Group plc owned approximately 0.57% of Pan American Silver at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. NFJ Investment Group LLC bought a new position in shares of Pan American Silver in the 2nd quarter valued at $25,000. Parallel Advisors LLC lifted its position in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after buying an additional 481 shares during the last quarter. Danske Bank A S acquired a new stake in Pan American Silver in the second quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver in the fourth quarter valued at about $34,000. 55.43% of the stock is currently owned by institutional investors.

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Pan American Silver Trading Up 0.9%

NYSE PAAS opened at $54.14 on Wednesday. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 4.95 and a beta of 0.73. Pan American Silver Corp. has a twelve month low of $32.32 and a twelve month high of $69.99. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average is $46.41 and its 200 day moving average is $52.70.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Pan American Silver Corp. will post 4.06 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be paid a $0.184 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 24th. Pan American Silver’s payout ratio is currently 22.36%.

Analysts Set New Price Targets

PAAS has been the subject of several research analyst reports. Jefferies Financial Group lowered their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Finally, TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

View Our Latest Stock Analysis on PAAS

About Pan American Silver

(Free Report)

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.

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