Pan American Silver Corp. $PAAS Shares Acquired by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management increased its Pan American Silver stake by 63.4% in Q4 to 230,774 shares (adding 89,550), a holding worth roughly $12 million that ranks as the firm's 23rd largest position and about 1.0% of its portfolio.
• Strong quarterly results and dividend bump: Pan American reported $1.11 EPS (vs. $0.90 est.) and $1.18B revenue (up 44.7% YoY), and raised its quarterly dividend to $0.18 ($0.72 annualized, ~1.4% yield).
• Valuation and analyst view: The company has a market cap of ~$21.8B and a P/E of ~20.7, with a consensus "Moderate Buy" and an average target of $59.67 amid mixed analyst moves (several outperformance upgrades and a few downgrades).

PKO Investment Management Joint Stock Co lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 63.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 230,774 shares of the basic materials company's stock after buying an additional 89,550 shares during the period. Pan American Silver accounts for approximately 1.0% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 23rd largest holding. PKO Investment Management Joint Stock Co owned approximately 0.05% of Pan American Silver worth $11,986,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in shares of Pan American Silver by 513.2% during the 4th quarter. Benjamin Edwards Inc. now owns 46,554 shares of the basic materials company's stock worth $2,412,000 after purchasing an additional 38,962 shares during the period. Gibraltar Capital Management Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $202,000. Robertson Stephens Wealth Management LLC grew its position in shares of Pan American Silver by 14.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 19,021 shares of the basic materials company's stock valued at $985,000 after purchasing an additional 2,411 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the fourth quarter valued at $41,000. Finally, Delta Investment Management LLC acquired a new position in Pan American Silver in the fourth quarter valued at $2,834,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

PAAS stock opened at $51.80 on Friday. The stock has a 50-day moving average price of $57.08 and a two-hundred day moving average price of $51.29. Pan American Silver Corp. has a 12-month low of $22.08 and a 12-month high of $69.99. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $21.83 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.65.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company's quarterly revenue was up 44.7% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. As a group, research analysts predict that Pan American Silver Corp. will post 4.45 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.4%. Pan American Silver's payout ratio is 28.80%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank raised their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Jefferies Financial Group dropped their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.67.

Pan American Silver Company Profile

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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