Donald Smith & CO. Inc. Boosts Position in Pan American Silver Corp. (PAAS)

Donald Smith & CO. Inc. Boosts Position in Pan American Silver Corp. (PAAS)

Other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in Pan American Silver Corp. by 22.6% in the first quarter. Van ECK Associates Corp now owns 11,133,183 shares of the basic materials company’s stock worth $195,053,000 after buying an additional 2,052,474 shares during the last quarter. Norges Bank acquired a new position in Pan American Silver Corp. during the fourth quarter worth about $13,710,000. Morgan Stanley boosted its position in Pan American Silver Corp. by 106.5% in the third quarter. Morgan Stanley now owns 1,509,802 shares of the basic materials company’s stock worth $26,603,000 after buying an additional 778,620 shares during the last quarter. Prince Street Capital Management LLC acquired a new position in Pan American Silver Corp. during the third quarter worth about $10,202,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Pan American Silver Corp. by 6.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,581,190 shares of the basic materials company’s stock worth $150,828,000 after buying an additional 534,408 shares during the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.

Donald Smith & CO. Inc. raised its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 0.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,108,260 shares of the basic materials company’s stock after buying an additional 209 shares during the period. Donald Smith & CO. Inc.’s holdings in Pan American Silver Corp. were worth $19,417,000 as of its most recent filing with the SEC.

Pan American Silver Corp. (NASDAQ PAAS) opened at 17.40 on Wednesday. The company has a market capitalization of $2.66 billion, a PE ratio of 22.51 and a beta of 0.55. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.59. The company has a 50 day moving average price of $17.32 and a 200-day moving average price of $17.45.

Pan American Silver Corp. (NASDAQ:PAAS) last released its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a positive return on equity of 3.22% and a negative net margin of 7.23%. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $179.02 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s revenue was up 25.5% compared to the same quarter last year. Analysts expect that Pan American Silver Corp. will post $0.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Tuesday, May 23rd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, May 19th. Pan American Silver Corp.’s dividend payout ratio (DPR) is -13.51%.

A number of equities analysts have issued reports on PAAS shares. Vetr cut Pan American Silver Corp. from a “hold” rating to a “sell” rating and set a $19.34 price target on the stock. in a report on Monday, February 6th. Royal Bank of Canada upgraded Pan American Silver Corp. from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $17.20 to $22.00 in a report on Tuesday, March 21st. Deutsche Bank AG cut their price target on Pan American Silver Corp. from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 21st. Zacks Investment Research cut Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, Scotiabank increased their price target on Pan American Silver Corp. from $20.00 to $20.50 and gave the stock a “sector perform” rating in a report on Thursday, March 23rd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pan American Silver Corp. has a consensus rating of “Buy” and an average price target of $19.85.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PAAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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