Canada Pension Plan Investment Board raised its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,403 shares of the basic materials company’s stock after buying an additional 4,003 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Pan American Silver Corp. worth $1,636,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Macquarie Group Ltd. boosted its stake in shares of Pan American Silver Corp. by 84.0% in the fourth quarter. Macquarie Group Ltd. now owns 28,700 shares of the basic materials company’s stock worth $432,000 after buying an additional 13,106 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Pan American Silver Corp. by 149.4% in the first quarter. Russell Investments Group Ltd. now owns 293,362 shares of the basic materials company’s stock valued at $5,101,000 after buying an additional 175,744 shares in the last quarter. Wells Fargo & Company MN boosted its position in Pan American Silver Corp. by 51.6% in the first quarter. Wells Fargo & Company MN now owns 498,029 shares of the basic materials company’s stock valued at $8,726,000 after buying an additional 169,511 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Pan American Silver Corp. by 700.1% in the first quarter. BNP Paribas Arbitrage SA now owns 119,103 shares of the basic materials company’s stock valued at $2,087,000 after buying an additional 104,217 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares in the last quarter. 53.91% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Corp. (NASDAQ PAAS) opened at 17.93 on Monday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.93 and a beta of 0.29. Pan American Silver Corp. has a 12 month low of $13.80 and a 12 month high of $21.29. The firm’s 50-day moving average is $16.83 and its 200 day moving average is $17.37.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The company had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Pan American Silver Corp. will post $0.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 21st will be given a dividend of $0.025 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.56%. Pan American Silver Corp.’s payout ratio is presently 12.82%.

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PAAS has been the subject of several analyst reports. Zacks Investment Research cut shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 12th. BMO Capital Markets reissued a “hold” rating and set a $17.50 price target on shares of Pan American Silver Corp. in a report on Thursday, June 29th. FBR & Co increased their price target on shares of Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a report on Friday, May 12th. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price target on shares of Pan American Silver Corp. in a report on Tuesday, May 30th. Finally, TD Securities reissued a “buy” rating on shares of Pan American Silver Corp. in a report on Wednesday, May 10th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.61.

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.

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Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

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