Monaco Asset Management SAM Purchases 20,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Key Points

• Monaco Asset Management SAM increased its stake in Pan American Silver Corp. by 7.3%, making it the fund's 9th largest position at 295,000 shares, valued at approximately $7.62 million.
• Pan American Silver reported $0.42 earnings per share for the last quarter, significantly surpassing analysts' estimates of $0.19, alongside a revenue increase of 28.6% year-over-year.
• The firm declared a $0.10 quarterly dividend with a 1.41% yield, while its dividend payout ratio stands at 45.98% as of now.

Monaco Asset Management SAM increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,000 shares of the basic materials company's stock after purchasing an additional 20,000 shares during the quarter. Pan American Silver makes up 1.6% of Monaco Asset Management SAM's holdings, making the stock its 9th largest position. Monaco Asset Management SAM owned 0.08% of Pan American Silver worth $7,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in PAAS. Graybill Wealth Management LTD. purchased a new stake in shares of Pan American Silver during the 1st quarter worth $33,000. Farther Finance Advisors LLC raised its stake in 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 buying an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after buying an additional 3,759 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Pan American Silver in the fourth quarter valued at about $118,000. Finally, Rossby Financial LCC purchased a new stake in Pan American Silver in the first quarter valued at about $151,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

PAAS stock traded up $0.32 during trading on Friday, hitting $27.34. 1,042,376 shares of the company traded hands, compared to its average volume of 4,485,291. The stock's 50-day simple moving average is $28.15 and its 200 day simple moving average is $25.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The company has a market cap of $9.89 billion, a PE ratio of 31.49, a P/E/G ratio of 0.38 and a beta of 0.67. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PAAS shares. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets started coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. TD Securities reduced their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

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.