Pan American Silver Corp. $PAAS Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,865 shares of the basic materials company’s stock after purchasing an additional 1,423 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Pan American Silver were worth $478,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Pan American Silver during the 1st quarter worth about $222,000. D.A. Davidson & CO. acquired a new stake in shares of Pan American Silver during the 1st quarter worth about $358,000. Intech Investment Management LLC boosted its position in shares of Pan American Silver by 189.0% in the first quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock worth $2,788,000 after acquiring an additional 70,593 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Pan American Silver in the second quarter worth approximately $736,000. Finally, Southland Equity Partners LLC acquired a new stake in shares of Pan American Silver in the first quarter worth approximately $300,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 0.3%

NYSE PAAS opened at $39.07 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. Pan American Silver Corp. has a one year low of $19.80 and a one year high of $40.34. The company’s 50 day moving average price is $33.69 and its 200 day moving average price is $29.01. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 0.63 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same quarter last year, the company earned $0.11 earnings per share. Pan American Silver’s revenue for the quarter was up 18.3% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, August 18th. Pan American Silver’s dividend payout ratio is 33.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PAAS shares. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pan American Silver in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Pan American Silver Company Profile

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.