Pan American Silver Corp. $PAAS Shares Purchased by Andra AP fonden

Key Points

• Andra AP fonden increased its Pan American Silver stake by 33.9% in the second quarter, adding 63,800 shares to own 252,245 shares worth approximately $11.3 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 earnings of $0.73 per share missed analysts’ estimate of $0.84. The stock opened at $50.90, with a 52-week range of $33.08 to $69.99.
• The company raised its quarterly dividend to $0.184 per share, representing an annualized dividend of $0.74 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.71.

Andra AP fonden raised its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 33.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 252,245 shares of the basic materials company's stock after purchasing an additional 63,800 shares during the period. Andra AP fonden owned about 0.06% of Pan American Silver worth $11,298,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Pan American Silver during the 2nd quarter worth approximately $375,948,000. Norges Bank purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $303,611,000. Capital International Investors purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $215,484,000. Geode Capital Management LLC raised its position in shares of Pan American Silver by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,827,024 shares of the basic materials company's stock valued at $197,498,000 after buying an additional 252,309 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Pan American Silver in the second quarter valued at approximately $145,312,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

PAAS opened at $50.90 on Wednesday. Pan American Silver Corp. has a 52-week low of $33.08 and a 52-week high of $69.99. The company has a 50 day moving average of $48.56 and a two-hundred day moving average of $51.29. The company has a market cap of $21.06 billion, a P/E ratio of 15.38, a P/E/G ratio of 4.80 and a beta of 0.77. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share 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 business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the company posted $0.43 earnings per share. The firm's revenue for the quarter was up 38.4% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 3.81 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently declared 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 is a positive change 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 yield of 1.4%. Pan American Silver's payout ratio is presently 22.36%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Pan American Silver from $65.00 to $56.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 16th. Bank of America decreased their price objective on Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. BMO Capital Markets reiterated a "market perform" rating on shares of Pan American Silver in a research note on Thursday, August 13th. Weiss Ratings cut Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, July 16th. Finally, Zacks Research raised shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.71.

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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