Nykredit A S Takes Position in Pan American Silver Corp. $PAAS

Key Points

• Nykredit A/S bought 123,764 shares of Pan American Silver during the second quarter, valued at approximately $5.5 million. Institutional investors collectively own 55.43% of the company, with BlackRock and Bank of America also establishing sizable positions.
• Pan American Silver reported quarterly EPS of $0.73, below the $0.84 analyst consensus, while revenue rose 38.4% year over year to $1.12 billion. The company increased its quarterly dividend to $0.184, or $0.74 annually, yielding about 1.5%.
• Shares recently traded at $48.82, down 2.3%, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $67.71.

Nykredit A S bought a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 123,764 shares of the basic materials company's stock, valued at approximately $5,546,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Pan American Silver in the 2nd quarter valued at $375,948,000. Royal Palms Capital LLC bought a new position in Pan American Silver during the fourth quarter valued at about $2,170,000. Bank of America Corp DE bought a new stake in shares of Pan American Silver during the second quarter valued at approximately $82,038,000. Edmond DE Rothschild Holding S.A. bought a new stake in Pan American Silver in the 2nd quarter valued at $2,347,000. Finally, Danica Pension Livsforsikringsaktieselskab acquired a new position in Pan American Silver in the second quarter worth about $6,277,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 2.3%

Shares of NYSE:PAAS opened at $48.82 on Tuesday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The firm has a market cap of $20.20 billion, a P/E ratio of 14.75, a P/E/G ratio of 4.92 and a beta of 0.77. Pan American Silver Corp. has a 12 month low of $33.08 and a 12 month high of $69.99. The company's 50-day moving average price is $48.42 and its two-hundred day moving average price is $51.37.

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

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a $0.184 dividend. 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 annualized dividend and a dividend yield of 1.5%. Pan American Silver's payout ratio is 22.36%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America dropped their price objective on Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Pan American Silver in a report on Thursday, August 13th. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, July 6th. Weiss Ratings downgraded shares of Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus target price of $67.71.

About Pan American Silver

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.