Allianz Asset Management GmbH Has $2.71 Million Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Allianz Asset Management GmbH increased its stake in Pan American Silver Corp. by 33.5%, holding shares valued at approximately $2.71 million after purchasing additional shares in the second quarter.
• Pan American Silver recently reported earnings per share of $0.43 for the last quarter, exceeding expectations, with a revenue of $811.90 million, up 18.3% compared to the previous year.
• The company announced an increase in its quarterly dividend to $0.12 per share, representing a 1.3% yield and reflecting a positive trend from its previous dividend.

Allianz Asset Management GmbH increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 33.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,641 shares of the basic materials company's stock after purchasing an additional 24,003 shares during the quarter. Allianz Asset Management GmbH's holdings in Pan American Silver were worth $2,708,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in Pan American Silver during the 1st quarter worth approximately $33,000. Kiker Wealth Management LLC increased its position in Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 600 shares during the period. CWM LLC increased its position in Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 550 shares during the period. Farther Finance Advisors LLC increased its position in Pan American Silver by 38.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company's stock valued at $107,000 after acquiring an additional 1,034 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new position in Pan American Silver in the 2nd quarter valued at approximately $108,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Friday, September 5th. Weiss Ratings restated a "buy (b)" rating on shares of Pan American Silver in a research report on Tuesday, October 14th. Scotiabank upped their price target on shares of Pan American Silver from $36.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday. Wall Street Zen cut shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 18th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.25.

Pan American Silver Trading Up 0.4%

PAAS opened at $36.36 on Friday. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $42.57. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $36.38 and a 200-day moving average of $30.41. The stock has a market cap of $15.35 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 0.46 and a beta of 0.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. Pan American Silver's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. 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 payout ratio is 33.10%.

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.

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