Concurrent Investment Advisors LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,599 shares of the basic materials company's stock, valued at approximately $222,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp lifted its position in Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after purchasing an additional 549 shares during the period. Raymond James Financial Inc. acquired a new stake in Pan American Silver in the fourth quarter worth approximately $6,834,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Pan American Silver by 10.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,197 shares of the basic materials company's stock valued at $3,644,000 after purchasing an additional 17,352 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the period. 55.43% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on PAAS shares. TD Securities reduced their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus target price of $31.40.
View Our Latest Stock Report on Pan American Silver
Pan American Silver Stock Down 2.5%
NYSE PAAS traded down $0.75 during trading on Wednesday, reaching $28.94. 6,415,398 shares of the company's stock were exchanged, compared to its average volume of 4,011,722. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $31.03. The company's fifty day simple moving average is $27.00 and its 200-day simple moving average is $25.11. The firm has a market capitalization of $10.47 billion, a PE ratio of 33.26, a P/E/G ratio of 0.52 and a beta of 0.67.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same period last year, the company posted $0.01 earnings per share. The firm's quarterly revenue was up 28.6% compared to the same quarter last year. Sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.
About Pan American Silver
(
Free Report)
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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