Erste Asset Management GmbH Acquires Shares of 16,300 Pan American Silver Corp. $PAAS

Key Points

• Erste Asset Management GmbH acquired 16,300 shares of Pan American Silver Corp., valued at approximately $421,000, in the first quarter of 2023.
• PAN American Silver reported a quarterly earnings per share (EPS) of $0.43, exceeding analyst expectations of $0.40, with a revenue increase of 18.3% year-over-year.
• The company declared a quarterly dividend of $0.12 per share, up from the previous dividend of $0.10, resulting in an annualized dividend yield of 1.5%.

Erste Asset Management GmbH acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,300 shares of the basic materials company's stock, valued at approximately $421,000.

Several other institutional investors have also bought and sold shares of PAAS. Graybill Wealth Management LTD. bought a new position in Pan American Silver during the first quarter valued at $33,000. Farther Finance Advisors LLC lifted its holdings in shares of Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after acquiring an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after acquiring an additional 3,759 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Pan American Silver in the 1st quarter worth about $151,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pan American Silver in the 1st quarter worth about $161,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Up 1.9%

NYSE:PAAS opened at $32.64 on Friday. Pan American Silver Corp. has a one year low of $18.50 and a one year high of $32.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. The firm has a market cap of $11.81 billion, a P/E ratio of 22.51, a P/E/G ratio of 0.43 and a beta of 0.60. The firm has a 50-day simple moving average of $29.51 and a 200-day simple moving average of $26.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The business had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. During the same quarter in the previous year, the business posted $0.11 EPS. The company's quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio (DPR) is presently 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several analyst reports. CIBC restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Hold" and an average price target of $31.40.

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.

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