Generali Asset Management SPA SGR Buys 6,987 Shares of Pan American Silver Corp. $PAAS

Key Points

• Generali Asset Management SPA SGR increased its stake in Pan American Silver Corp. by 14.1%, acquiring an additional 6,987 shares and bringing its total to 56,490 shares valued at $1.604 million.
• Pan American Silver recently announced a quarterly dividend increase from $0.10 to $0.12 per share, resulting in a 1.2% dividend yield.
• Analysts have mixed ratings on Pan American Silver, with a consensus target price of $38.50 and ratings ranging from "Strong Buy" to "Hold".

Generali Asset Management SPA SGR grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 14.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 56,490 shares of the basic materials company's stock after purchasing an additional 6,987 shares during the period. Generali Asset Management SPA SGR's holdings in Pan American Silver were worth $1,604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new stake in Pan American Silver during the 1st quarter worth approximately $33,000. Kiker Wealth Management LLC increased its holdings in Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company's stock worth $57,000 after purchasing an additional 600 shares in the last quarter. CWM LLC increased its holdings in Pan American Silver by 32.1% during the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company's stock worth $64,000 after purchasing an additional 550 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 775 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Pan American Silver in the second quarter valued at approximately $108,000. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pan American Silver in a report on Tuesday. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Friday, September 5th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday. CIBC upped their price objective on Pan American Silver from $50.00 to $62.00 and gave the company an "outperformer" rating in a research note on Friday, October 10th. Finally, Scotiabank dropped their price objective on Pan American Silver from $36.50 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Pan American Silver Trading Down 8.5%

NYSE:PAAS opened at $38.47 on Friday. The company has a market cap of $16.24 billion, a P/E ratio of 26.53, a P/E/G ratio of 0.64 and a beta of 0.63. The stock's fifty day moving average price is $35.89 and its two-hundred day moving average price is $29.94. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 year high of $42.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11.

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

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.12 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 18th. Pan American Silver's dividend payout ratio (DPR) is currently 33.10%.

About Pan American Silver

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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