NewEdge Advisors LLC Acquires 206,230 Shares of Pan American Silver Corp. $PAAS

NewEdge Advisors LLC raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 871.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 229,888 shares of the basic materials company's stock after purchasing an additional 206,230 shares during the period. NewEdge Advisors LLC owned approximately 0.06% of Pan American Silver worth $10,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company's stock valued at $383,365,000 after purchasing an additional 882,135 shares in the last quarter. BlackRock Inc. purchased a new position in Pan American Silver in the 2nd quarter worth about $375,948,000. FIL Ltd lifted its stake in Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company's stock valued at $378,872,000 after acquiring an additional 4,438,478 shares during the period. Norges Bank bought a new position in Pan American Silver during the 4th quarter valued at about $303,611,000. Finally, Capital International Investors purchased a new stake in shares of Pan American Silver during the 4th quarter valued at about $215,484,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Down 0.7%

Shares of PAAS stock opened at $50.30 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a one year low of $33.08 and a one year high of $69.99. The company's fifty day moving average price is $47.80 and its 200-day moving average price is $52.17. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 4.95 and a beta of 0.77.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The company's quarterly revenue was up 38.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. Sell-side analysts expect that Pan American Silver Corp. will post 3.81 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were issued a dividend of $0.184 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.5%. Pan American Silver's payout ratio is 22.36%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PAAS shares. BMO Capital Markets restated a "market perform" rating on shares of Pan American Silver in a research report on Thursday, August 13th. Scotiabank reissued an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Bank of America decreased their price target on shares of Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Finally, Wall Street Zen cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.43.

Pan American Silver Profile

Pan American Silver Corp. is a mining company focused primarily on the exploration, development and production of silver and gold. Its operations also produce byproduct metals, including zinc, lead and copper, depending on the mine and ore deposit.

Founded in 1994 and headquartered in Vancouver, British Columbia, Pan American Silver operates mines and development projects across the Americas. The company's geographic footprint has included Canada, Mexico, Peru, Bolivia, Argentina, Chile and Brazil, giving it exposure to several of the region's major silver and gold mining jurisdictions.

Pan American expanded its portfolio through the acquisition of Yamana Gold's Latin American assets in 2023.

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