Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264,874 shares of the basic materials company’s stock after buying an additional 5,800 shares during the period. Pan American Silver comprises 1.9% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 11th largest position. Builder Investment Group Inc. ADV owned 0.07% of Pan American Silver worth $6,842,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PAAS. Norges Bank acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $91,916,000. Jupiter Asset Management Ltd. acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $24,083,000. Hsbc Holdings PLC increased its position in Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock valued at $26,300,000 after acquiring an additional 1,135,839 shares during the period. Renaissance Technologies LLC increased its position in Pan American Silver by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company’s stock valued at $30,295,000 after acquiring an additional 784,906 shares during the period. Finally, Man Group plc increased its position in Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company’s stock valued at $19,160,000 after acquiring an additional 750,858 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $29.37 on Wednesday. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $29.66. The business has a 50-day moving average of $25.71 and a two-hundred day moving average of $24.11. The stock has a market capitalization of $10.64 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $696.62 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. Pan American Silver’s payout ratio is presently 45.98%.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. CIBC lifted their price target on Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a research report on Thursday, May 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a “market perform” rating for the company. TD Securities decreased their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.60.

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.