American Century Companies Inc. Grows Position in Pan American Silver Corp. (NYSE:PAAS)

American Century Companies Inc. boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,326,544 shares of the basic materials company’s stock after acquiring an additional 99,050 shares during the period. American Century Companies Inc. owned 0.37% of Pan American Silver worth $26,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Perritt Capital Management Inc. grew its position in shares of Pan American Silver by 76.9% during the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. CWM LLC grew its holdings in Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Pan American Silver by 73.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 2,200 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Pan American Silver by 446.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 7,174 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 774 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PAAS. CIBC upped their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group decreased their target price on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank upped their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.64.

Pan American Silver Stock Performance

Pan American Silver stock opened at $20.43 on Thursday. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $24.27. The company’s 50-day moving average is $21.04 and its 200 day moving average is $19.45. The firm has a market capitalization of $7.42 billion, a P/E ratio of -44.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts forecast that Pan American Silver Corp. will post 0.59 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio is currently -86.96%.

Pan American Silver 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.