Pan American Silver Corp. $PAAS Shares Acquired by Amundi

Key Points

• Amundi increased its Pan American Silver stake by 4.9% in the second quarter, buying 127,712 additional shares to own 2.75 million shares valued at approximately $123.3 million. Institutional investors collectively hold 55.43% of the company.
• Pan American Silver reported quarterly revenue of $1.12 billion, up 38.4% year over year, but missed analysts’ expectations on both revenue and earnings, posting $0.73 EPS versus the $0.84 consensus.
• The company raised its quarterly dividend to $0.184 per share, or $0.74 annualized, producing a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.43.

Amundi lifted its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,753,719 shares of the basic materials company's stock after purchasing an additional 127,712 shares during the quarter. Amundi owned about 0.66% of Pan American Silver worth $123,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PAAS. AQR Capital Management LLC raised its holdings in shares of Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company's stock worth $504,000 after acquiring an additional 6,391 shares during the period. Jones Financial Companies Lllp boosted its holdings in Pan American Silver by 574.9% in the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company's stock valued at $504,000 after purchasing an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company's stock valued at $38,728,000 after purchasing an additional 360,283 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock valued at $48,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of PAAS opened at $52.85 on Thursday. The company has a market cap of $21.94 billion, a P/E ratio of 15.97, a PEG ratio of 5.02 and a beta of 0.77. Pan American Silver Corp. has a fifty-two week low of $33.08 and a fifty-two week high of $69.99. 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's 50 day moving average price is $47.63 and its 200 day moving average price is $52.28.

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

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 24th. This is a positive change from Pan American Silver's previous quarterly dividend of $0.18. Pan American Silver's payout ratio is presently 22.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PAAS shares. Zacks Research upgraded shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Scotiabank reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Weiss Ratings lowered Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Wall Street Zen lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Pan American Silver in a report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.43.

Pan American Silver Company 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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