GSA Capital Partners LLP Makes New $744,000 Investment in Pan American Silver Corp. $PAAS

GSA Capital Partners LLP purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,609 shares of the basic materials company’s stock, valued at approximately $744,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares during the period. Swiss Life Asset Management Ltd increased its position in shares of Pan American Silver by 46.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock worth $3,051,000 after acquiring an additional 18,791 shares during the period. Royal Palms Capital LLC purchased a new stake in shares of Pan American Silver during the fourth quarter worth $2,170,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $1,341,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $2,834,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PAAS. BMO Capital Markets reiterated a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Wall Street Zen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Zacks Research downgraded Pan American Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.43.

Check Out Our Latest Report on Pan American Silver

Pan American Silver Stock Performance

Shares of PAAS opened at $50.33 on Thursday. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 4.26 and a beta of 0.73. Pan American Silver Corp. has a 52-week low of $30.68 and a 52-week 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 stock has a 50 day moving average price of $46.11 and a 200 day moving average price of $52.76.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion for 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%.The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Research analysts predict that Pan American Silver Corp. will post 4.09 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be given a $0.184 dividend. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.5%. Pan American Silver’s payout ratio is 21.75%.

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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